De Russische roebel is maandag met 3 procent gedaald ten opzichte van de dollar, nadat een aanval van Wagner-huurlingen zaterdag op het laatste moment was voorkomen. Het is voor het eerst sinds maart 2022 dat de koers van de munt zo laag is.  ( 4 min )

Deutsche Bank heeft aan klanten laten weten dat de bank geen garanties meer kan bieden over hun Russische aandelen. Het gaat om zogeheten waardepapieren die garant staan voor het aandelenbezit.  ( 3 min )

Er zijn vorig jaar veel meer vergunningen voor tijdelijke woningen afgegeven dan een jaar eerder. Vooral arbeidsmigranten en vluchtelingen kregen vaker een tijdelijke woning aangeboden.  ( 3 min )

Klanten van de ING-bank zagen zaterdag en zondag dubbele afschriften in hun betalingsoverzicht staan als ze hadden afgerekend met een pinpas. Dat kwam door een storing bij de bank, die inmiddels is opgelost.  ( 3 min )

Bij de brand in Arnhem werd pijnlijk duidelijk hoe het werk van de brandweer als gevolg van de energietransitie is veranderd. De brandweer weet dat allang. Maar wij hebben nog niet zo door hoe hun werk beïnvloed wordt doordat wij vaker elektrisch rijden en we onze huizen veranderen in mini-energiecentrales.  ( 5 min )

Zijn jongeren anno 2023 alleen maar bezig met hun influencercarrière? Niets is minder waar. Ze steken deze zomer gewoon echt de handen uit de mouwen. Werkgevers moeten wél flink hun best doen om scholieren en studenten te strikken.  ( 6 min )

Zijn jongeren anno 2023 alleen maar bezig met hun influencercarrière? Niets is minder waar. Ze steken deze zomer gewoon echt de handen uit de mouwen. Werkgevers moeten wél flink hun best doen om scholieren en studenten te strikken.  ( 6 min )

(Bloomberg) -- HSBC Holdings Plc is planning to leave its Canary Wharf headquarters and relocate to the City of London, the latest sign of how a shift to flexible work is reshaping demand for offices. Most Read from BloombergRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkraineSilence Cloaks Kremlin After Russian Mutiny Against PutinPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatPutin Faces Historic Threat to Absolute Grip  ( 7 min )

(Bloomberg) -- One of Wall Street’s most bearish strategists said US equities are facing a wall of worry, which could fuel a sharp selloff in the near future. Most Read from BloombergRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkraineSilence Cloaks Kremlin After Russian Mutiny Against PutinPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatPutin Faces Historic Threat to Absolute Grip on Power in RussiaMorgan Stanley’s Michael  ( 7 min )

The pan-European STOXX 600 index was down 0.3% by 0717 GMT, after posting its biggest weekly percentage loss in three months at the end of a central bank policy-packed week on Friday. The energy sector, meanwhile, gained 0.2% as oil prices climbed after a revolt by Russian mercenaries over the weekend stoked concerns about a potential hit to oil supply from Russia. The banking index was the biggest drag on the STOXX index, down 1%, with shares of Deutsche Bank falling 2.4%.  ( 6 min )

Shares of upscale burger chain Shake Shack have wiped out last year’s losses, while 23andMe stock set a record low.  ( 23 min )

(Bloomberg) -- Two more Chinese developers have failed to meet dollar-bond payments, occurring amid renewed home-sales softness and a lack of aggressive stimulus. Most Read from BloombergSilence Cloaks Kremlin After Russian Mutiny Against PutinPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkraineThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyCentral China Real  ( 8 min )

(Bloomberg) -- Volatility has returned to European natural gas, driven in large part by a wave of new investors who bet that prices will fall.Most Read from BloombergSilence Cloaks Kremlin After Russian Mutiny Against PutinRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkrainePrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyThe turbulence started this month with p  ( 7 min )

British luxury carmaker Aston Martin said on Monday it would enter into an agreement with Lucid Group to manufacture "high performance" electric vehicles (EVs). As part of the agreement, U.S.-based luxury EV maker Lucid will supply Aston Martin with select powertrain components for initial and certain future battery-electric vehicle (BEV) models. Under the terms of the proposed agreement, Aston Martin would issue about 28.4 million new ordinary shares and make phased cash payments to Lucid totalling about $232 million, while Lucid would become a 3.7% shareholder in the car maker.  ( 7 min )

The Russian rouble tumbled to a near 15-month low against the dollar as markets responded for the first time to the short-lived military coup against Vladimir Putin.  ( 6 min )

Deutsche Bank has told clients it can no longer guarantee full access to Russian stocks that belong to them, underlining the challenges global investors face to recover stranded investments in the country's companies. Germany's largest bank said in a note dated June 9 and viewed by Reuters that it had uncovered a shortfall in the shares that back the depositary receipts (DRs) the bank had issued before the Ukraine invasion. The shares have been held in Russia by a different depositary bank.  ( 8 min )

(Bloomberg) -- JD.com Inc. aims to create an independent unit by merging its 7Fresh supermarket chain with other online services, establishing a retailer of fresh food and groceries that serves millions nationwide.Most Read from BloombergSilence Cloaks Kremlin After Russian Mutiny Against PutinRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkrainePrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It G  ( 7 min )

Massive taxpayer handouts and a money-printing spree helped stoke inflation in Britain and around the world, with years of interest rate pain now needed to get the crisis under control according to a top central banker.  ( 8 min )

Big U.S. lenders are expected to show they have ample capital to weather any fresh turmoil in the banking sector during this week's Federal Reserve health checks, although resulting investor payouts are likely to dip slightly, analysts said. The central bank on Wednesday will release the results of its bank "stress tests" which assess how much capital banks would need to withstand a severe economic downturn. The 2023 tests come in the wake of this year's banking crisis in which Silicon Valley Bank and two other lenders failed.  ( 8 min )

There has been a flurry of trading tied to continued advances in everything from artificial-intelligence stocks to smaller, economically sensitive companies and regional banks.  ( 30 min )

NIO, which had resisted cutting prices until recently, has become a symbol of the challenges automakers face in the world’s largest electric-vehicle market.  ( 29 min )

BENGALURU (Reuters) -India's second-largest IT services firm Infosys said on Monday it was selected by Denmark-based Danske Bank as a partner to accelerate the lender's digital transformation. The deal is valued at $454 million for five years with an option to renew for one additional year for a maximum of three times, Infosys said in a statement. "This is backed by significant investments in digitalisation and technology, including plans to further develop our customer-facing digital solutions, and modernising our technology infrastructure to enable even better customer experiences and drive operational efficiency," said Frans Woelders, chief operating officer of Danske Bank, in a statement.  ( 6 min )

(Bloomberg) -- China set its daily reference rate for the yuan at a stronger-than-expected level to slow its slide, as the managed currency weakened in the offshore market while there was a holiday on the mainland.Most Read from BloombergSilence Cloaks Kremlin After Russian Mutiny Against PutinPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkraineRussia Latest: Kremlin Says It G  ( 6 min )

With Walmart leading the pack, these are the 10 biggest companies in the world as measured by 12-month trailing revenue.  ( 22 min )

They joke that retirement is boring, but some acknowledge a deeper fear of becoming irrelevant if they quit.  ( 28 min )

(Bloomberg) -- Shares of a small Japanese chip design firm have quintupled since it listed in October, supercharged by expectations of a boom in silicon demand driven by artificial intelligence.Most Read from BloombergSilence Cloaks Kremlin After Russian Mutiny Against PutinPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Biden, Zelenskiy Discuss US Aid in Wake of MutinyRussia Latest: Kremlin Says It Gave Prigozhin Deal  ( 7 min )

Bitcoin held ground above US$30,000 following a week of traditional financial institutions showing interest in financial instruments that include the token. The U.S. regulator approved the first leveraged Bitcoin Futures ETF on Friday.  ( 7 min )

(Bloomberg) -- Investors are conceding that the Federal Reserve is now intensely focused on fighting inflation and less concerned about higher interest rates breaking the US economy.Most Read from BloombergSilence Cloaks Kremlin After Russian Mutiny Against PutinPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Biden, Zelenskiy Discuss US Aid in Wake of MutinyRussia Latest: Kremlin Says It Gave Prigozhin Deal to End Mutin  ( 7 min )

To capitalize is to record a cost/expense on the balance sheet for the purposes of delaying full recognition of the expense. In general, capitalizing expenses is beneficial as companies acquiring new assets with long-term lifespans can amortize the costs.  ( 24 min )

Understand the meaning of demand deposits and term deposits, and learn about the major differences between the two.  ( 25 min )

An interchange is the transfer of information between computers. Within business circles, it typically refers to an electronic data interchange, or EDI.  ( 21 min )

A foreign transaction fee is a 1%–3% charge for transactions made using a domestic payment card in a foreign country.  ( 22 min )

With Walmart leading the pack, these are the 10 biggest companies in the world as measured by 12-month trailing revenue.  ( 22 min )

Society for Worldwide Interbank Financial Telecommunications is a cooperative providing secure messaging for fund transfers across national borders.  ( 21 min )

With Industrias Penoles leading the pack, these are the 10 biggest silver mining companies by 12-month trailing revenue.  ( 20 min )

A convenience fee is charged when a consumer pays with an electronic payment card rather than by cash, check, or Automated Clearing House (ACH) transfer.  ( 22 min )

A foreign bank branch is a branch or an outpost of a larger bank that operates in foreign locations.  ( 20 min )

The American Recovery and Reinvestment Act of 2009 (ARRA) was legislation passed by the U.S. Congress to reverse unemployment caused by the Great Recession of 2008.  ( 26 min )

A western account is an agreement among underwriters (AAU) in which each party shares responsibility for only a specific portion of the new issuance.  ( 17 min )

Understand the basics of a profit and loss (P&L) statement, and how it helps investors evaluate a company's financial condition and future growth.  ( 19 min )

Cash flow financing is a form of financing in which a loan made to a company is backed by the company's expected cash flows.  ( 19 min )

Mortgage equity withdrawal (MEW) refers to the removal of equity from the value of a home through a loan against the market value of the property.  ( 18 min )

A portfolio entry is a listing of all liabilities a reinsurer is responsible for when it enters into a reinsurance treaty.  ( 17 min )

The middle class refers to individuals who fall between the working class and the upper class. Those in the middle class often are employed as professionals, managers, and civil servants.  ( 22 min )

Simultaneous closing is a real estate financing strategy in which two simultaneous transactions occur during the closing on a single property.  ( 17 min )

GNF, or the Guinea franc, is the currency of the Republic of Guinea.  ( 19 min )

Effective market segmentation not only identifies the most profitable customers—it also optimizes pricing, distribution, and new product development.  ( 25 min )

An injunction is a court order requiring a person or entity to either do or cease doing a specific action.  ( 19 min )

Canceling or deactivating a Netspend card is a much easier process than signing up, and only requires a call, a check request, or an ATM withdrawal.  ( 20 min )

Comparative negligence is a principle of tort law commonly used to assign blame and award monetary damages to injured parties in auto accidents.  ( 19 min )

Saving for college is a major investment that can span years. CDs can take several years to mature. So can you use CDs to fund a 529?  ( 22 min )

A venture capitalist (VC) is an investor that provides capital to new businesses, typically startups with high growth potential, in exchange for an equity stake.  ( 25 min )

Square and Stripe are transforming payment processing. Square is primarily used for in-person payments and Stripe is used primarily for Internet transactions.  ( 21 min )

The harmonic mean is a type of numerical average that is used in finance to average multiples like the price-to-earnings ratio.  ( 22 min )

Learn how Netspend prepaid debit cards work and if they are right for you. Protect yourself and your finances by understanding the details.  ( 21 min )

The cooperation clause in an insurance contract requires the policyholder to assist the insurer in the event a claim is filed against the policy.  ( 20 min )

Red ink is financial jargon describing the red coloring of accounting entries used to denote losses or negative outcomes.  ( 18 min )

A mortgage broker can work with you to choose the right lender and assist in the application process. Here is how to find a mortgage broker.  ( 22 min )

NBA legend Michael Jordan is selling his majority stake in the Charlotte Hornets for an estimated $3 billion. One of the best basketball players in NBA history, Jordan has a net worth of $2 billion as of 2023, thanks to lucrative endorsements such as Nike and the Jordan Brand, and other business ventures.  ( 19 min )

Fidelity MSCI Energy Index ETF has the lowest fees, SPDR S&P Oil & Gas Equipment Services ETF has the best return, and Energy Select Sector SPDR Fund is the most liquid  ( 21 min )

This esteemed investor rarely changes his long-term investing strategy, no matter what the market does.  ( 22 min )

A customer information file (CIF) in banking is a computerized record of a customer's relevant personal and account data.  ( 21 min )

Oil prices rose in early Asian trade on Monday after a failed mutiny by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world's largest producers. U.S. West Texas Intermediate (WTI) crude was at $70.04 a barrel, up 88 cents, or 1.3%. However, the challenge has raised questions about President Vladimir Putin's grip on power and concerns about possible disruption of Russian oil supply.  ( 7 min )

(Bloomberg) -- Oil climbed as investors weighed the fallout from an attempted mutiny in Russia against Vladimir Putin’s almost quarter-century rule, while concerns over a global slowdown remained.Most Read from BloombergSilence Cloaks Kremlin After Russian Mutiny Against PutinPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyRussia Latest: Biden, Zelenskiy Discuss US Aid in  ( 6 min )

China is relentlessly adding new petrochemical capacity despite a global glut as the country's refiners diversify from transport fuels, threatening to depress margins worldwide through 2024 as weak economic growth saps demand. In an ominous sign for producers of the chemicals used in plastic packaging, polyester clothing and auto parts, refiners' profit margins on processing naphtha to make ethylene turned negative last week for the first time since October. The profit crunch is being driven by China's refiners boosting output of olefins such as ethylene to offset an expected decline in sales of petrol and diesel as electric vehicle take-up accelerates.  ( 7 min )

(Bloomberg) -- Oil and US equity futures edged higher Monday while major currencies traded within narrow ranges versus the dollar in the wake of a mutiny that challenged Vladimir Putin’s rule in Russia.Most Read from BloombergSilence Cloaks Kremlin After Russian Mutiny Against PutinPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyRussia Latest: Biden, Zelenskiy Discuss US  ( 9 min )

Investors will never stop looking for the best time to enter or exit the markets, but it is a very difficult move to get right. As fabled investor Peter Lynch has put it, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” With this in mind, Ari Wald, the Head of Technical Analysis at Oppenheimer says a better way to assess where the market is at is to follow the trend. More specifically, from a  ( 10 min )

Asian markets on Monday kick off what looks like a pretty light week for regional economic, policy and corporate drivers, with all eyes on how investors react to the extraordinary events in Russia over the weekend. It is unclear what the immediate impact of Russian mercenaries' advance on Moscow, retreat and apparent deal with President Vladimir Putin will be on risk appetite and demand for traditional 'safe haven' assets like gold, Treasuries, the Japanese yen or the U.S. dollar. These assets would likely have attracted strong investor demand first thing on Monday morning had the Wagner group's march on Moscow continued.  ( 7 min )

No content preview

In recent weeks, strategists across Wall Street have revised up their year-end targets for the S&P 500. These updated calls incorporate the improving outlook for earnings, expectations for the Fed to soon dial back hawkish monetary policy, and the fact that stock prices have mostly gone up since the beginning of the year.  ( 11 min )

Earnings reports from Nike, General Mills, Carnival, Micron, Walgreens, and more. Plus, core PCE inflation data and Federal Reserve bank stress test results.  ( 22 min )

The financing would make $1.25 billion of cash available immediately to Wolfspeed, while another $750 million could be drawn later, Bloomberg News reported. In September last year, Wolfspeed said it will build a multi-billion dollar factory in Chatham County, North Carolina, to make the raw materials used for chips that power things like electric vehicles as demand surges. Apollo Global Management and Wolfspeed did not immediately respond to requests for comment.  ( 6 min )

Companies of all stripes are using the technology  ( 11 min )

No content preview

IRL hit a $1.2 billion valuation a few years ago and boasted of its "unicorn status."  ( 7 min )

No content preview

We’re in the midst of a general bullish trend, with strong year-to-date gains, but last week saw a brake on that rally, with a losing week across the main indexes. Call it a warning sign. While sentiment remains solid, the headwinds are gathering. The Federal Reserve held interest rates steady in its June meeting, after more than a year of hikes to combat inflation, but inflation, while down to 4% annualized, is still double the target rate. Conventional wisdom says that the Fed isn’t done hikin  ( 11 min )

After a bump in the 2023 stock market rally to end last week, investor focus will remain on how economic data might impact the Fed's next interest rate decision in the week ahead.  ( 10 min )

Not only do Zoomers think they’ll retire at 60 on average, but 2 in 5 of them also expect to live to 100.  ( 9 min )

Amazon is set to hit a major milestone in 2024: Becoming the largest retailer in the US, according to J.P. Morgan analysts.  ( 8 min )

(Bloomberg) -- As a dizzying first half for US stocks draws to a close, the Nasdaq 100 Index is poised for its best opening six months to a year ever, and Wall Street is growing concerned that the Federal Reserve will derail the rally.Most Read from BloombergPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinySilence Cloaks the Kremlin After Russian Mutiny Against PutinWagner  ( 8 min )

Last week was the first time for quite a while that I have heard people using the expression “basket case Britain”. It was the latest inflation numbers that prompted this reaction.  ( 8 min )

If $1 million was once the consensus target for retirement savings in the U.S., that appears to be changing. A recent Schwab Retirement Plan Services survey found that 401(k) plan participants across the country now believe they must save $1.9 … Continue reading → The post 401(k) Plan Participants Say They Need to Save This Much to Retire appeared first on SmartAsset Blog.  ( 8 min )

In a world where the stock market is unpredictable and interest rates are rising, many investors are looking for someplace to put their money that is as close to risk-free as possible - even if it means forgoing the chance … Continue reading → The post How to Buy More than $10,000 in I Bonds Through This Loophole appeared first on SmartAsset Blog.  ( 7 min )

Portfolio shifts are a common occurrence for investors, especially active ones. Over time, assets shift out of balance from their original assigned portions and could take you out of your comfort zone. Rebalancing your portfolio realigns your assets to meet … Continue reading → The post Here's How Often You Should Rebalance Your Portfolio, According to Vanguard appeared first on SmartAsset Blog.  ( 7 min )

Annuities are a form of hybrid financial product. Part investment and part contract, they're primarily sold by insurance companies as a way to save for retirement. While in recent years they have come under criticism for below-market returns, many retirees … Continue reading → The post How Much Would a $1.5 Million Annuity Pay? appeared first on SmartAsset Blog.  ( 10 min )

Like most assets, you can inherit an individual retirement account (IRA) after the owner's death. And for spouses, inheriting an IRA is a relatively straightforward process. In most cases, you can simply assume ownership or even roll the inherited account over … Continue reading → The post How to Split an Inherited IRA Between Siblings appeared first on SmartAsset Blog.  ( 10 min )

Retirement is a big milestone for many, and planning for retirement can constitute a large financial goal that takes years to reach. In fact, data from the Federal Reserve indicates that the majority of Americans only have $65,000 saved for … Continue reading → The post Approaching Retirement? T. Rowe Price Says You Need This Much Saved Based on Your Income appeared first on SmartAsset Blog.  ( 9 min )

Following the recent bank collapses there's good reason to be concerned about how much of your money is and isn't insured. The bad news: Just because an account is held by a bank doesn't automatically mean it's insured. The good … Continue reading → The post This Move Lets You Insure $1.5 Million or More at a Single Bank appeared first on SmartAsset Blog.  ( 9 min )

Financial services giant Fidelity has a rule for retirement savings you may have heard of: Have 10 times your annual salary saved for retirement by age 67. This oft-cited guideline can help you identify a retirement savings goal, but it … Continue reading → The post Should the 45% Rule Guide Your Retirement Strategy? appeared first on SmartAsset Blog.  ( 8 min )

Despite being multi-millionaires, early retirees Mindy and Carl can't shake their scarcity mentality around money.  ( 8 min )

Some of the biggest names in finance are making new bets on digital currencies, helping the industry rally even as it faces rising legal scrutiny.  ( 9 min )

(Bloomberg) -- A rally in some of the world’s riskiest emerging markets, triggered by a pivot to market-friendly policies, is already showing signs of fatigue.Most Read from BloombergPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyWagner Chief Marches on Moscow in Mutiny Challenging PutinWhat Is Russia’s Wagner Group and Why Was It Accused of Mutiny?Markets from Egypt and  ( 8 min )

Owners are using technology, training and fixed tipping to address staff turnover and shortages.  ( 30 min )

Fidelity MSCI Energy Index ETF has the lowest fees, SPDR S&P Oil & Gas Equipment Services ETF has the best return, and Energy Select Sector SPDR Fund is the most liquid  ( 21 min )

“Banks are redrawing their maps, but no one has given them the instructions on how to do that,” said Chris Marinac, director of research at Janney Montgomery Scott.  ( 16 min )

L'Oreal, the world's largest cosmetics company, wants to utilise China's role as the world's biggest e-commerce market and a fast-developing digital economy to tackle the beauty industry's environmental problem. The company hopes a partnership with China's e-commerce platforms and major suppliers in its North Asia region will help Asian consumers better perceive the value of sustainability and make greener consumption choices, said Janet Neo, L'Oreal's chief sustainability officer for North Asia  ( 8 min )

Many Americans are losing their home-insurance coverage as storms and lawsuits upend the industry and the pricing of risk.  ( 27 min )

The heatwave in Texas has sent temperatures off the charts. Triple digits have been reachedacross the state, hitting 125F in Corpus Christi and 118F in Rio Grande, as recorded by the heat index – which provides a combination of temperature and humidity. Meanwhile, the need for air conditioning has seen demand for power spike – and so has the price. Electricity prices doubled, and earlier this week got as high as $5,000 per megawatt-hour. Making matters worse, especially near the Gulf Coast, is u  ( 10 min )

The world's central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation. Despite the relentless rise in rates over the last 18 months, inflation in many top economies remains stubbornly high, while the jump in borrowing costs triggered the most serious banking collapses since the financial crisis 15 years ago.  ( 9 min )

Hong Kong plans to "fine-tune" the maximum size of mortgages available to first-time homebuyers, Financial Secretary Paul Chan said in a radio interview on Sunday. Chan told Commercial Radio Hong Kong that residents want to upgrade homes after starting families so the government is discussing with the de facto central bank to adjust mortgages to sizes that balance buyer interest and financial security. Market participants have been urging the government to relax property market curbs after home prices in one of the world's most expensive markets dropped 15% last year.  ( 6 min )

Pandemic effects and government aid are blunting impact of higher rates, for now  ( 30 min )

Several sectors are trading at discounts to the S&P 500. The stocks might have some downside, but their prices account for a considerable amount of risk.  ( 23 min )

This esteemed investor rarely changes his long-term investing strategy, no matter what the market does.  ( 22 min )

(Bloomberg) -- Stock market predictions are hard to make and so it has proved in the first half of the year: Almost no one foresaw an artificial intelligence-fueled $5 trillion bounce in tech, nor a banking crisis.Most Read from BloombergPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyWagner Chief Marches on Moscow in Mutiny Challenging PutinGoldman Sachs Is Cutting About  ( 9 min )

(Bloomberg) -- Recession alarms are ringing around Europe’s bond markets, replacing the previous panic over inflation as investors come to terms with the threat to economic growth of increasingly tight monetary policy.Most Read from BloombergPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyWagner Chief Marches on Moscow in Mutiny Challenging PutinGoldman Sachs Is Cutting A  ( 8 min )

(Bloomberg) -- Fresh inflation readouts this week will probably feed into expectations of further policy tightening by Federal Reserve and European Central Bank officials who are already tilting toward raising interest rates.Most Read from BloombergPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyWagner Chief Marches on Moscow in Mutiny Challenging PutinPrigozhin Says Wagn  ( 10 min )

PwC Australia said on Sunday it will sell its government practice to private equity firm Allegro Funds and appoint a new CEO, as the professional services firm battles the fall out from a major scandal. The scandal, which broke in January, revolves around a former PwC tax partner who had been advising the federal government on laws to prevent corporate tax avoidance and shared confidential information with colleagues who then used it to pitch to multinational companies for work. PwC said it had entered an exclusivity agreement to divest its federal and state government business to Allegro Funds for A$1 ($0.67) after reports this week it had been looking to offload its government, education and healthcare practice.  ( 6 min )

Some investors were watching for ripple effects from an aborted mutiny in Russia on Saturday, expecting a move into safe havens such as U.S. government bonds and the dollar when markets open later on Sunday. Heavily armed Russian mercenaries led by Yevgeny Prigozhin, a former ally of President Vladimir Putin and founder of the Wagner army, advanced most of the way to Moscow after capturing the city of Rostov, but then halted their approach, de-escalating a major challenge. On Saturday night, they began withdrawing from the Rostov military headquarters they had seized, a Reuters witness said.  ( 7 min )

As tensions rise between Washington and Beijing, firms are seeking ways to wall off China businesses in case relations worsen.  ( 30 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

(Bloomberg) -- Western Global Airlines LLC is weighing options including filing for bankruptcy as it faces dwindling liquidity, according to people with knowledge of the matter. Most Read from BloombergPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyWagner Chief Marches on Moscow in Mutiny Challenging PutinPrigozhin Says Wagner Won’t Surrender After Putin’s AddressThe car  ( 7 min )

Fresh troubles at Indian edtech startup Byju's this week have escalated concerns among employees who were already uncertain about their future after several rounds of job-cuts, more than a dozen current and former staff told Reuters. Auditor Deloitte and three prominent board members severed ties with the Bengaluru-headquartered firm on Thursday, raising further questions about the once high-flying company's financial health and governance practices. Byju's has already let go of several thousand employees this year due to slowing demand and it is locked in a legal battle with its lenders and faces regulatory scrutiny, even as its valuation has been slashed by at least one marquee investor.  ( 7 min )

De storing bij ING waardoor het leek alsof pinbetalingen van zaterdag dubbel werden afgeschreven is verholpen, laat een woordvoerder van het bedrijf weten. Sommige klanten zagen dubbele afschrijvingen van betalingen met de pinpas die ze zaterdag hadden gedaan.  ( 3 min )

Tientallen grote bedrijven eisen dat de Europese Unie strengere regels invoert voor de CO2-uitstoot van vrachtwagens. Multinationals als Heineken, Nike en IKEA hopen dat ambitieuzere doelstellingen zorgen voor meer investeringen van autofabrikanten in elektrische vrachtauto's.  ( 3 min )

Honderden activisten zijn zaterdag door het hek van Tata Steel gebroken om het terrein te bezetten. Greenpeace wil dat de staalfabriek in Wijk aan Zee per direct stopt met het belasten van het klimaat, de natuur en de omwonenden. "Tata heeft te lang getreuzeld."  ( 5 min )

De Australische tak van accountants- en advieskantoor PwC loost zijn in opspraak gekomen afdeling die overheden bijstaat. Voor het symbolische bedrag van 1 Australische dollar wil PwC Australia die activiteiten aan investeringsmaatschappij Allegro verkopen.  ( 4 min )

Door de acties van klimaatactivisten op het terrein van staalfabriek Tata Steel de afgelopen dagen is het langer nodig om gas af te fakkelen. Dat zegt een woordvoerder van het bedrijf zondag. Volgens Tata Steel zorgt dat voor meer uitstoot dan nodig was. Greenpeace noemt die uitspraak hypocriet.  ( 4 min )

Tientallen grote bedrijven eisen dat de Europese Unie strengere regels invoert voor de CO2-uitstoot van vrachtwagens. Multinationals als Heineken, Nike en Ikea hopen dat ambitieuzere doelstellingen in het landenblok ook voor meer investeringen van autofabrikanten in elektrische vrachtauto's zorgen, schrijft Financial Times zondag.  ( 3 min )

Met Photoshop kun je nu makkelijker dan ooit foto's bewerken door mensen en objecten toe te voegen of juist weg te halen. Allemaal dankzij de toevoeging van kunstmatige intelligentie. Maar het levert soms ook lachwekkend slechte creaties op.  ( 7 min )

De huren stijgen en tanken wordt weer duurder. Tegelijkertijd gaan ook de minimumlonen en de uitkeringen omhoog. Wat verandert er nog meer op 1 juli? NU.nl zet het op een rijtje.  ( 6 min )

Vaste energiecontracten zijn terug van weggeweest en overstappende klanten kiezen daarbij opmerkelijk vaak voor een meerjarig contract. Na anderhalf jaar van schommelende prijzen zoeken ze zekerheid en vastigheid, merken vergelijkers.  ( 4 min )

Sgnum (SIGNA), formerly Burstcoin (BURST), is a cryptocurrency that supports smart contracts and digital assets and uses an energy-efficient proof-of-capacity mining algorithm.  ( 19 min )

Sign your name to the back to endorse a check. This tells the bank or credit union that you are the payee and that you are ready to accept your money.  ( 25 min )

A deceased account is a bank account that's owned by a deceased person. Banks freeze access to deceased accounts pending direction from an authorized court.  ( 21 min )

A drawee is the party directed by a depositor, or drawer, via a check or bill of exchange to pay a certain sum of money to the person presenting the check.  ( 20 min )

First-time homebuying plunged last year amid rising borrowing costs and racial disparities in homeownership. Payments on a median-priced home rose to $3,000 per month in March 2023 from $2,500 in March, 2022.  ( 18 min )

FLJP has the lowest fees, JPXN has the best 1-year performance, and EWJ is the most liquid.  ( 20 min )

Franklin FTSE India ETF offers the lowest fees, Columbia India Consumer ETF has the best return, and iShares MSCI India ETF is the most liquid.  ( 21 min )

Learn about the many types of transactions that are recorded in a country's balance of payments, including the current, capital, and financial accounts.  ( 19 min )

The Zimbabwe currency system has undergone massive changes due to hyperinflation. Here we discuss the history of the Zimbabwe dollar (ZWD).  ( 24 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.  ( 29 min )

Bullish bets on high-yield corporate bonds are starting to unravel as interest rates look set to stay higher for longer.Most Read from BloombergPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyWagner Chief Marches on Moscow in Mutiny Challenging PutinPrigozhin Says Wagner Won’t Surrender After Putin’s AddressInvestors are turning back to safer investment-grade notes instea  ( 10 min )

(Bloomberg) -- The bond market is finally getting in sync with Jerome Powell’s outlook for the economy.Most Read from BloombergThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Prigozhin Turns His Forces Away From MoscowPrigozhin Turns His Forces Back from Moscow, Avoids ShowdownWagner Chief Marches on Moscow in Mutiny Challenging PutinPrigozhin Says Wagner Won’t Surrender After Putin’s AddressTraders have scrapped once-aggressive wagers that the Federal Reserve chief would pivot to e  ( 8 min )

Financially savvy individuals with higher credit scores were more likely to profit from credit card rewards at the expense of naive consumers with lower scores.  ( 9 min )

No content preview

All those 2% and 3% mortgage rates—a policy outcome of the COVID-19 recession—are now acting as golden handcuffs.  ( 7 min )

"Markets typically do not respond well to events that are unfolding and are uncertain," particularly relating to Putin and Russia. "If the uncertainty escalates, you're going to see Treasuries get a bid, gold will get a bid and the Japanese yen tends to gain in situations like this." "The impact on markets clearly depends on the final outcome of Russia's internal power struggle; if it leads to an early conclusion of the war, it will be positive for markets in the short term."  ( 9 min )

Also, the British parliament is now very nearly in accord over a bill of proposed crypto regulation.  ( 7 min )

A fistful of housing data this week essentially declared who is winning in the current housing market. It’s certainly not homebuyers, who are picking through too-few choices to buy at still-high prices and elevated mortgage rates. It’s not sellers, many of whom are not even in the game. The winners: The homebuilders.  ( 9 min )

Warning signs from the chemical industry regarding their profit outlooks may suggest a potential economic slowdown.  ( 7 min )

Oil traders and analysts are bracing for higher energy prices on Monday. "Internal turmoil is a risk for supply to global markets, if it turns out to be a proper civil war it would of course hamper oil supply," said Bjarne Schieldrop, chief commodities analyst at Nordic bank SEB. Oil traders said  ( 21 min )

How long $3 million will last in retirement depends on your spending habits and investment returns. While your spending habits are largely under your control, some costs such as healthcare expenses are not perfectly predictable. Likewise, while you can probably … Continue reading → The post How Long Will $3 Million Last in Retirement? appeared first on SmartAsset Blog.  ( 8 min )

When you inherit property, the IRS applies what is known as a stepped-up basis to that asset. Here's how capital gains are taxed on inherited property.  ( 8 min )

Retiring at age 50 would be a dream for most people, as it would leave you with a few decades of time and, hopefully, health, to enjoy your life. The key to achieving this dream, though, is to put aside … Continue reading → The post Can I Retire at 50 With $1.5 Million? appeared first on SmartAsset Blog.  ( 12 min )

When a loved one passes away, it can be an emotional experience. Unfortunately, handling the deceased's finances can add to this stress. While most people know that you need to file a final tax return for the deceased, most people … Continue reading → The post Income in Respect of a Decedent (IRD) appeared first on SmartAsset Blog.  ( 8 min )

Data from the Federal Reserve shows that the average savings in the United States at retirement age is just $255,200. So if you find yourself with $400,000 in assets at retirement age, congratulations! You're doing much better than average. But how … Continue reading → The post How Long Will $400k Last in Retirement? appeared first on SmartAsset Blog.  ( 8 min )

My children have inherited $5 million of stock from their father (whose estate has not yet been dispersed after 11 months) leaving them with a 30% or so loss of value over which they have had no control. Is there … Continue reading → The post Ask an Advisor: My Kids Inherited $5 Million. How Should They Handle It? appeared first on SmartAsset Blog.  ( 9 min )

Managing a distributed workforce is “the leadership challenge of our decade,” David Ricks, CEO of pharma giant Eli Lilly, said.  ( 10 min )

Mortgage prisoners are being left “suicidal” and at risk of destitution as standard variable rates approach double digits, campaigners have warned.  ( 7 min )

No content preview

No content preview

FLJP has the lowest fees, JPXN has the best 1-year performance, and EWJ is the most liquid.  ( 20 min )

Here is your Pro Recap of four head-turning deal dispatches you may have missed this week: IBM and Apptio merger rumors, Eli Lilly acquires Dice Therapeutics, Amazon's iRobot acquisition faces EU antitrust investigation, and Stratasys determines 3D Systems' offer not a 'Superior Proposal' to Desktop Metal agreement. InvestingPro subscribers got this news first.  ( 8 min )

It's a way of life for Generation Quit.  ( 12 min )

Franklin FTSE India ETF offers the lowest fees, Columbia India Consumer ETF has the best return, and iShares MSCI India ETF is the most liquid.  ( 21 min )

Even states with consumer friendly laws, and tough powers to veto increases, are allowing rates to rise.  ( 28 min )

Oil markets are buzzing about the potential return of Iranian oil to markets, writes Mark Finley.  ( 34 min )

Investors expect inflation, which is at 40% annually, to reaccelerate later this year as winter fuel costs kick in.  ( 22 min )

Common retirement advice assumes 50-somethings are in their top earnings years. Unfortunately, there's more to the story.  ( 22 min )

It's been non-stop negativity over at Goldman Sachs recently. Could it cost CEO David Solomon his job?  ( 9 min )

No content preview

No content preview

No content preview

(Bloomberg) -- International Business Machines Corp. is in talks to buy software company Apptio as part of a deeper push into automation technology, according to people with knowledge of the matter.Most Read from BloombergGoldman Sachs Is Cutting About 125 Managing Directors GloballyPrigozhin Accused of Uprising in Challenge to Kremlin GripFive-Star Hotel Guest Leaves Without Paying After 603-Night StayTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionThe Big Names That Got Backstop for  ( 7 min )

(Bloomberg) -- The biggest fossil fuel players are making the message clear: the transition to a green future will require much more natural gas.Most Read from BloombergGoldman Sachs Is Cutting About 125 Managing Directors GloballyPrigozhin Accused of Uprising in Challenge to Kremlin GripFive-Star Hotel Guest Leaves Without Paying After 603-Night StayTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionThe Big Names That Got Backstop for Billions in Uninsured SVB DepositsFrom Shell Plc to  ( 10 min )

No content preview

(Bloomberg) -- International Business Machines Corp. is nearing a deal to buy software company Apptio for roughly $5 billion, part of a push deeper into automation technology, the Wall Street Journal reported.Most Read from BloombergTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionFive-Star Hotel Guest Leaves Without Paying After 603-Night StayThe Big Names That Got Backstop for Billions in Uninsured SVB DepositsThese Are the World’s Most (and Least) Liveable Cities in 2023US Navy Dete  ( 7 min )

No content preview

No content preview

Tech stocks are poised to head higher as investors scoop up anything related to artificial intelligence.  ( 23 min )

Driven by the federal government, some $2 trillion in financing should fuel a revival of U.S. industry. Here are stocks that should ride that wave. With industry stocks beaten down, now’s the time to buy the dip.  ( 22 min )

Ook Zwitserland blijft last houden van een torenhoge inflatie. De Zwitserse centrale bank zal de rente naar verwachting opnieuw moeten verhogen om de stijgende consumentenprijzen te temperen, zegt centralebankpresident Thomas Jordan.  ( 3 min )

Ook Zwitserland blijft last houden van een torenhoge inflatie. De Zwitserse centrale bank zal de rente naar verwachting opnieuw moeten verhogen om de stijgende consumentenprijzen te temperen, zegt centralebankpresident Thomas Jordan.  ( 3 min )

De speelsheid die volwassenen tijdens de coronapandemie bij zichzelf hebben ontdekt, blijft hangen. Speelgoedverkopers zien steeds vaker oudere klanten die iets leuks kopen voor zichzelf. Vooral LEGO-sets, Funko-poppen en spellen vliegen over de toonbank.  ( 5 min )

Terwijl klimaatactivisten hevig protesteren tegen investeringen in de fossiele industrie, is de boodschap van grote energieconcerns als Shell en Chevron dat er voor de transitie naar een groene toekomst nog veel meer aardgas nodig is.  ( 4 min )

Binance mag in België geen diensten meer aanbieden die met digitale munten te maken hebben. Het cryptoplatform was namelijk zonder vergunning actief in het land.  ( 3 min )

Cryptoplatform Binance mag in België geen diensten meer aanbieden die met digitale munten te maken hebben. Dat zegt de Belgische financiële toezichthouder FMSA. De reden is dat Binance zonder vergunning actief was in België.  ( 3 min )

Het Groningenveld gaat dicht. Maar hoe wordt een gasveld nou precies gesloten?  ( 3 min )

De invoering van statiegeld op blikjes leidt tot chaos in de supermarkt. Zo staan er lange rijen voor de automaten en worden blikjes die niet geschikt zijn naast de afvalbakken gedeponeerd. Ook lopen de apparaten sneller vast.  ( 5 min )

No content preview

Purchase of Apptio, owned by private-equity firm Vista Equity Partners, could be finalized over the weekend.  ( 29 min )

Massive battery plants planned in Tennessee and Kentucky for Ford's electric vehicles are on track to receive up to a $9.2 billion federal loan in what would be the biggest award under the U.S. Department of Energy's loan program since President Joe Biden took office. The money for construction would secure a sizable chunk of funding for Ford's big electric vehicle swing in the two states.  ( 9 min )

Some Wall Street banks are sounding caution on the U.S. stock rally, warning that stretched valuations have made equities more vulnerable to declines. The S&P 500 pulled back for the week though it is up more than 13% since the year began, fueled by signs of moderating inflation, excitement over advances in artificial intelligence and growing appetite for risk. Those gains, however, have driven equities to more expensive levels.  ( 8 min )

No content preview

No content preview

The industry looks headed for a major rebound, defying expectations of a long-term decline. Stocks such as Diamond Offshore Drilling and Noble could surge 50% or more.  ( 23 min )

(Bloomberg) -- Brazil’s state-controlled oil producer Petroleo Brasileiro SA is readying to return to global debt markets with a benchmark sale as soon as Monday, people familiar with the matter said. Most Read from BloombergPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyWagner Chief Marches on Moscow in Mutiny Challenging PutinGoldman Sachs Is Cutting About 125 Managing  ( 7 min )

(Bloomberg) -- Goldman Sachs Group Inc. has started cutting managing directors across the globe as the firm reduces its headcount amid a deals slump, according to people familiar with the matter.Most Read from BloombergThe Wagner Mutiny Foreshadows a Russian DefeatPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyWagner Chief Marches on Moscow in Mutiny Challenging PutinPrigozhin Says Wagner Won’t Surrender After Putin  ( 7 min )

A source with knowledge of the plan identified how many cuts will be made, whose jobs will be targeted and when.  ( 8 min )

No content preview

No content preview  ( 34 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

Bitcoin soared above $31,000 as investors returned to the largest cryptocurrency after a tumultuous 13 months for crypto markets that brought multiple bankruptcies and exchange failures.  ( 18 min )

The Elon Musk-led company plans to reach the higher valuation by allowing employees to sell stock.  ( 29 min )

Middle Eastern oil prices have dramatically surged due to an unexpected increase in demand from Chinese and Asian refiners, shaking the global oil markets.  ( 8 min )

No content preview

AI and semiconductor chips have been capturing investors’ collective imagination – and for good reason. Together, they’re driving the technology of the future. Semiconductor chips are ubiquitous in our digital age, and AI, artificial intelligence, has in recent months begun transforming the way we communicate with our machines. And where these two fields connect, well, anything can happen. And for investors, it probably will. The Philadelphia Semiconductor Index, the PHLX, which tracks the chip  ( 10 min )

Monthly dividend-paying stocks are beneficial for income investors because they provide ongoing, regular dividend payments every month that can be used toward recurring expenses. Temporary share price fluctuations are not as important as steady income for these investors, but it’s a bonus when stock prices rise because of good earnings, dividend hikes, analyst upgrades or other news. Here are three real estate investment trusts (REITs) that pay steady monthly dividends, have recently received po  ( 8 min )

Oregon’s most populous county is suing more than a dozen large fossil fuel companies to recover costs related to extreme weather events linked to climate change. The lawsuit filed Thursday in Multnomah County Circuit Court alleges the combined carbon pollution the companies emitted was a substantial factor in causing and exacerbating a 2021 heat dome that killed 69 people, The Oregonian/OregonLive reported. Multnomah County is home to Portland and known nationally for mild weather and rain.  ( 6 min )

(Bloomberg) -- They waited and waited, then moved all-in. And now money managers who are finally surrendering to a shock first-half rally in equities must contend with the possibility its best days are over.Most Read from BloombergTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionGoldman Sachs Is Cutting About 125 Managing Directors GloballyFive-Star Hotel Guest Leaves Without Paying After 603-Night StayThe Big Names That Got Backstop for Billions in Uninsured SVB DepositsThese Are the  ( 9 min )

The CEO’s laser focus on maximizing cash flow from Oxy’s new assets has allowed the company to begin paying off its preferred shares.  ( 23 min )

Nadella overhauled Microsoft by turning to the cloud, triggering a rebound that made him one Wall Street’s favorite CEOs.  ( 23 min )

Thanks to Warren Buffett’s efforts over 58 years, Berkshire has never been in better shape, with nearly $35 billion in annual earnings power.  ( 23 min )

Nearly 95% of Apple’s current market cap was added since Tim Cook took the top job in 2011.  ( 23 min )

A House panel has passed a bill that would temporarily expand the standard tax deduction used by the majority of taxpayers by $2,000 per person for the next two years. The Tax Cuts for Working Families Act (H.R.3936) recently approved by … Continue reading → The post Temporary Tax Plan Could Boost Your Standard Deduction By Up to $4,000 appeared first on SmartAsset Blog.  ( 8 min )

The former secretary of state is famously multitalented, from her virtuosic piano playing to deep knowledge of NFL football.  ( 8 min )

Bitcoin, the world's largest cryptocurrency, hit a one-year high on Friday at $31,458, capping off a week of gains helped in part by BlackRock's plans to create a bitcoin exchange-traded fund (ETF) even as the digital asset sector faces U.S. regulatory scrutiny. Bitcoin was last up 3.39% at $30,903.  ( 6 min )

CD rates are already at their highest level in almost 16 years, allowing you to lock in a record return for months or years. But are they headed higher still?  ( 18 min )

Research Affiliates says today’s stock P/E multiples are doomed to sink back down to earth.  ( 9 min )

Compass Point Research analyst Giuliano Bologna initiated coverage of the digital bank, setting a target of $5 for the share price.  ( 22 min )

The Supreme Court has ruled in favor of Coinbase in a dispute related to a customer class-action lawsuit. The decision strengthens the right of businesses to resolve disputes via arbitration instead of through lawsuits.  ( 19 min )

OPEC has tried to prop up prices by cutting production, but supplies are higher than expected and doubts about demand are growing.  ( 22 min )

No content preview

WASHINGTON (Reuters) -United Auto Workers (UAW) union President Shawn Fain on Friday harshly criticized the U.S. Energy Department plan to lend $9.2 billion to a joint venture of Ford Motor and South Korea's SK On to build three U.S. battery plants. The wages of workers at battery JV plants are expected to be a key issue in contract talks that start next month with the Detroit Three automakers. The $9.2 billion low-cost government loan for the BlueOval SK joint venture is the biggest ever from the government auto lending program that will help finance construction of three plants in Kentucky and Tennessee.  ( 7 min )

No content preview

No content preview

No content preview

Breakthrough Energy Ventures, backed by Bill Gates, Jack Ma and Jeff Bezos, recently led a $200 million funding round for KoBold Metals. Other investors included Andreessen Horowitz, and Bond Capital. KoBold is using artificial intelligence (AI) to improve mining for the metals needed for electric vehicles (EVs). The Breakthrough Energy Ventures (BEV) fund invests in innovative and high-impact clean energy technologies that can combat climate change. Its mission is to accelerate the transition t  ( 8 min )

(Bloomberg) -- The US Supreme Court sided with a Coinbase Global Inc. unit in a ruling that reinforces the ability of companies to channel customer and employee disputes into arbitration.Most Read from BloombergTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionThese Are the World’s Most (and Least) Liveable Cities in 2023US Navy Detected Titanic Submersible’s Implosion Days AgoFive-Star Hotel Guest Leaves Without Paying After 603-Night StayThe Big Names That Got Backstop for Billions in  ( 8 min )

Shares in Siemens Energy plunged by a third after it said turbine components are degrading faster than expected.  ( 27 min )

No content preview

Are you the sort of investor who embraces the buy-and-hold strategy? Long-term investors may find these three top ETFs appealing.  ( 22 min )

Stock futures slipped on Friday, setting the major US benchmarks up for a losing week as investors come to terms with the prospect of more interest-rate hikes ahead from the Federal Reserve.  ( 7 min )

No content preview

No content preview

No content preview

No content preview

A technical indicator is turning positive for the EV stock while Wall Street is turning negative.  ( 22 min )

The used-car seller topped analyst expectations on both profit and sales for the first quarter.  ( 25 min )

The glory days of real estate investors buying and flipping homes for quick profits seem to have hit a roadblock. It appears that investors are now losing on approximately one out of every seven homes they sell. In certain U.S. cities, sky-high house prices and elevated mortgage rates have diminished homebuyer demand, forcing investors to sell homes at a loss. A recent report by Redfin reveals that in March, investors lost money on roughly 13.5% of the homes they sold, while only 4.8% of overall  ( 9 min )

If you're looking for ways to generate more retirement income, now may be the perfect time to consider an annuity. Payout rates for guaranteed lifetime annuities are currently at their highest levels in over a decade, according to Schwab. While … Continue reading → The post Why Schwab Says Now Is the Right Time to Consider an Annuity appeared first on SmartAsset Blog.  ( 8 min )

No content preview

No content preview

No content preview

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 19 min )

No content preview

On average, Americans expect they should save $1.27 million for a comfortable retirement. But they're far from that goal.  ( 9 min )

No content preview

No content preview

No content preview

No content preview

No content preview

3M reaches a $10.3 billion settlement in "forever chemicals" lawsuits against the industrial manufacturer and Ford plans another round of layoffs in cost cutting efforts. Here’s what investors need to know today.  ( 17 min )

No content preview

No content preview

The shares had soared after the company announced details of its first commercial flight into space.  ( 22 min )

The net investment income tax is coming due for millions more taxpayers than a decade ago. That’s no accident.  ( 27 min )

No content preview

No content preview

3M reaches a $10.3 billion settlement over so-called forever chemicals, and Virgin Galactic is seeking to raise $400 million in a stock offering.  ( 23 min )

↗️ 3M (MMM): The company agreed to pay up to $12.5 billion to settle lawsuits that said drinking  ( 20 min )

No content preview

No content preview

Now could be a be good time for investors to take some profits.  ( 23 min )

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

"Investors have generally forgotten this story, because there wasn't an immediate negative reaction to the equity market."  ( 7 min )

American depositary receipts of GSK jumped after the U.K.-based biopharma company said it had reached a settlement in a lawsuit accusing the firm’s discontinued heartburn medicine, Zantac, of causing cancer.  ( 1 min )

American Depositary Receipts of Honda Motor declined after the Japanese carmaker recalled 1.2 million SUVs and minivans because of potential problems with the rearview camera.  ( 1 min )

Shares of CarMax jumped on Friday morning after the used car dealer exceeded quarterly earnings and revenue forecasts following cost-cutting measures.  ( 1 min )

Virgin Galactic shares fell about 18% in early trading Friday after the company announced plans to raise up to $400 million through the sale of common shares.  ( 1 min )

3M agreed to pay $10.3 billion to settle "forever chemicals" lawsuits.  ( 1 min )

NRG Energy shares rose as the power provider boosted share buybacks and looked to change the board following criticism from activist investor Elliott Investment Management.  ( 1 min )

FactSet shares declined after the company said it expects full-year revenue to be at the low end of its forecast.  ( 1 min )

The Dow Jones Industrial Average fell 0.7%, or 219 points, Friday to cap a losing week as worsening economic data renewed investors’ fears of a looming recession.  ( 1 min )

Markets fell on Friday, June 23, 2023, to end a losing week amid concerns about economy.  ( 1 min )

U.S. equities were headed for a losing day and week at midday on Friday, June 23, 2023 amid concerns higher interest rates could slow economic growth.  ( 1 min )

3M reaches a $10.3 billion settlement in "forever chemicals" lawsuits against the industrial manufacturer and Ford plans another round of layoffs in cost cutting efforts. Here’s what investors need to know today.  ( 1 min )

The Dow Jones Industrial Average closed down 0.01%, or 4 points, spending most of the day in the red as investors digested the latest moves by central banks around the world.  ( 1 min )

S&P 500, Nasdaq snap 3-day losing streak on Thursday, June 22, 2023, as tech stocks advance.  ( 1 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

Bitcoin soared above $31,000 as investors returned to the largest cryptocurrency after a tumultuous 13 months for crypto markets that brought multiple bankruptcies and exchange failures.  ( 16 min )

The Dow Jones Industrial Average fell 0.7%, or 219 points, Friday to cap a losing week as worsening economic data renewed investors’ fears of a looming recession.  ( 16 min )

IRS Publication 15-A is the publication that provides employers with information about their filing requirements for independent contractors among others.  ( 20 min )

Markets fell on Friday, June 23, 2023, to end a losing week amid concerns about economy.  ( 16 min )

A debit memorandum is issued when funds in a customer account are automatically reduced, need to be augmented to complete a transaction, or need to be offset.  ( 19 min )

A roll back is an option roll strategy in which a trader exits one position and enters a new one with a closer expiration date.  ( 23 min )

A strategic buyer is a company that acquires another company in the same industry to capture synergies.  ( 20 min )

American depositary receipts of GSK jumped after the U.K.-based biopharma company said it had reached a settlement in a lawsuit accusing the firm’s discontinued heartburn medicine, Zantac, of causing cancer.  ( 16 min )

The earnings credit rate (ECR) is a daily calculation of interest that a bank pays on customer deposits.  ( 20 min )

American Depositary Receipts of Honda Motor declined after the Japanese carmaker recalled 1.2 million SUVs and minivans because of potential problems with the rearview camera.  ( 17 min )

Coming up next week: the Fed’s preferred inflation gauge and the last trading week of the month, quarter, and first half of the year.  ( 19 min )

A jumbo certificate of deposit (CD) is a type of savings account with higher balance requirements than a traditional CD that, in return, pays a higher interest rate.  ( 24 min )

Excess reserves are capital reserves held by a bank or financial institution beyond what is required by law or regulations.  ( 22 min )

CD rates are already at their highest level in almost 16 years, allowing you to lock in a record return for months or years. But are they headed higher still?  ( 18 min )

Bankrupt crypto lender BlockFi will be able to defer paying a $30 million fine to the U.S. Securities and Exchange Commission so it can return funds to investors first.  ( 17 min )

The Supreme Court has ruled in favor of Coinbase in a dispute related to a customer class-action lawsuit. The decision strengthens the right of businesses to resolve disputes via arbitration instead of through lawsuits.  ( 17 min )

U.S. equities were headed for a losing day and week at midday on Friday, June 23, 2023 amid concerns higher interest rates could slow economic growth.  ( 16 min )

Shares of CarMax jumped on Friday morning after the used car dealer exceeded quarterly earnings and revenue forecasts following cost-cutting measures.  ( 16 min )

30-year mortgage rates inched forward for a second day, with averages on other loan terms showing mixed results. Jumbo mortgage averages remained unchanged with the exception of the jumbo 7/6 ARM.  ( 19 min )

3M agreed to pay $10.3 billion to settle "forever chemicals" lawsuits.  ( 16 min )

Learn what differentiates a bank draft from a personal check, how it works, including whether it can be canceled, and its advantages and disadvantages.  ( 20 min )

Virgin Galactic shares fell about 18% in early trading Friday after the company announced plans to raise up to $400 million through the sale of common shares.  ( 16 min )

U.S. Bank CD rates are relatively high if you can meet a higher deposit requirement, but some options are unappealing. Existing customers can get personalized rates.  ( 20 min )

Learn what a good debt-to-equity ratio is, what it means about a company's capital structure, and why the optimal ratio can vary widely.  ( 23 min )

A self-directed account is a type of brokerage account that offers an investor full control over their investment decisions.  ( 23 min )

Emotional responses to stimuli create unique physical fingerprints, called somatic markers, which can influence economic decision-making, including investing.  ( 23 min )

Are you the sort of investor who embraces the buy-and-hold strategy? Long-term investors may find these three top ETFs appealing.  ( 21 min )

Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.  ( 21 min )

Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.  ( 26 min )

Safe haven currencies hold or increase in value during times of volatility and instability.  ( 22 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.  ( 24 min )

The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.  ( 27 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.  ( 25 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.  ( 17 min )

Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.  ( 17 min )

Concerns over the health of the U.S. banking system may have faded from headlines, but that doesn't mean banks have escaped pressure from higher interest rates—or the attention of the Congress and regulators.  ( 19 min )

3M reaches a $10.3 billion settlement in "forever chemicals" lawsuits against the industrial manufacturer and Ford plans another round of layoffs in cost cutting efforts. Here’s what investors need to know today.  ( 17 min )

An account hold is a restriction on the owner's ability to access funds.  ( 19 min )

De chaos die vorig jaar op Schiphol ontstond, kwam doordat op de luchthaven veel werk was uitbesteed en alles zo goedkoop mogelijk moest. Ook blijkt dat er in het najaar van 2021 al signalen waren dat het in 2022 mis zou gaan.  ( 5 min )

Jeanswinkelketen Score is vrijdag failliet verklaard door de rechtbank in Zutphen. Ook het spijkerbroekenmerk Chasin', dat van dezelfde eigenaar is, valt onder het bankroet. Door het faillissement komen de banen van zo'n 450 medewerkers in gevaar.  ( 2 min )

Bij het inleveren van statiegeldblikjes in de supermarkt hoort inmiddels een kleverige boodschappentas. Voor de consument al vervelend, maar de plakzooi is voor de supermarkten helemaal geen goed nieuws. Machines lopen vast en er moet veel schoongemaakt worden. Hoe gaan supermarkten ermee om?  ( 3 min )

De nieuwe Chinese exportbeperkingen voor ASML gaan al op 30 juni in, meldt persbureau Bloomberg. Volgens die nieuwe regels mag het Veldhovense bedrijf nog minder machines aan de Chinezen leveren. De komst van het exportverbod was al bekend, maar de ingangsdatum nog niet.  ( 3 min )

Het ministerie van Infrastructuur en Waterstaat zet zeventien projecten aan Nederlandse wegen op pauze, onder meer vanwege de stikstofproblematiek.  ( 3 min )

Vanaf oktober wordt er geen gas meer gewonnen uit het Groningenveld. De locaties die nog op de waakvlam stonden, worden ook dichtgedraaid. Pas in het najaar van 2024 begint de ontmanteling.  ( 4 min )

Het bestuur van een Amerikaanse regio wil van Shell en andere bedrijven een forse schadevergoeding vanwege de gevolgen van klimaatverandering. Volgens de aanklager hebben de concerns met pr-campagnes en dubieuze wetenschappelijke claims bewust twijfel over het klimaatprobleem gezaaid.  ( 4 min )

Een nieuwe wet moet het voor geschoolde migranten makkelijker maken om in Duitsland aan het werk te gaan. Een meerderheid van de Duitse Bondsdag heeft vrijdag met het wetsvoorstel ingestemd.  ( 3 min )

Een nieuwe wet moet het voor geschoolde migranten makkelijker maken om in Duitsland aan het werk te gaan. Een meerderheid van de Duitse Bondsdag heeft vrijdag met het wetsvoorstel ingestemd.  ( 3 min )

Philips geeft toe dat het een overlijdensgeval te laat heeft gemeld bij de Inspectie Gezondheidszorg en Jeugd (IGJ). Het gaat om een 65-jarige Nederlander die jarenlang een apneuapparaat van Philips gebruikte. Daarvan zijn er twee jaar geleden wereldwijd miljoenen teruggeroepen vanwege productiefouten.  ( 4 min )

VICE Media wordt overgenomen door Fortress Investment Group. De Amerikaanse vermogensbeheerder heeft het hoogste bod uitgebracht op het mediabedrijf, dat ruim een maand geleden faillissement aanvroeg. Vakbonden hopen dat Fortress ook omkijkt naar de ontslagen werknemers.  ( 3 min )

De Nederlandse economie is in het eerste kwartaal van dit jaar op kwartaalbasis met 0,3 procent gekrompen, in plaats van met de eerder geraamde 0,7 procent. Dat komt door gunstigere exportcijfers en extra informatie over investeringen.  ( 3 min )

Nederlandse huishoudens hadden in het eerste kwartaal van dit jaar gemiddeld 1,7 procent meer te besteden dan een jaar eerder. Stijgende lonen en meer gewerkte uren zijn de belangrijkste oorzaken.  ( 3 min )

Al ruim honderd jaar verzorgt KPN het vaste telefoonnetwerk in heel Nederland. Maar door de komst van glasvezel gaat de telefoonlijn verdwijnen. Daarom speelt het telecombedrijf een tactisch schaakspel om ook in toekomst de grootste te kunnen blijven.  ( 4 min )

Al ruim honderd jaar verzorgt KPN het vaste telefoonnetwerk in heel Nederland. Maar door de komst van glasvezel gaat de telefoonlijn verdwijnen. Daarom speelt het telecombedrijf een tactisch schaakspel om ook in toekomst de grootste te kunnen blijven.  ( 4 min )

Het geklapte landbouwakkoord heeft niet alleen gevolgen voor het stikstofbeleid, maar laat ook een gapend gat achter in de klimaatplannen van het kabinet. Een van de breekpunten was de krimp van de veestapel, maar om de klimaatdoelen te halen lijkt zo'n krimp alsnog onvermijdelijk. Het kabinet moet nu zelf knopen doorhakken.  ( 6 min )

A unit trust is an unincorporated mutual fund that holds assets and provides profits to individual unit owners.  ( 22 min )

A default model is constructed by financial institutions to determine default probabilities on credit obligations by a corporation or sovereign entity.  ( 18 min )

A proxy tax is a tax on lobbying or political expenses that exceed an allowable amount set by the IRS.  ( 19 min )

Tier 3 capital was unsecured debt, which many banks held at once to support their market, commodities, and foreign currency risks.  ( 21 min )

The University of Virginia Darden School of Business is a highly-ranked graduate school at the University of Virginia offering MBAs and other professional programs.  ( 22 min )

The Monetary Union Index of Consumer Prices (MUICP) is an aggregate measure of consumer inflation for all countries located in the Eurozone.  ( 18 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

The Dow Jones Industrial Average closed down 0.01%, or 4 points, spending most of the day in the red as investors digested the latest moves by central banks around the world.  ( 16 min )

The Federal Trade Commission is supporting the Consumer Financial Protection Bureau in a legal battle to reinstate an anti-redlining rule, arguing that a federal court had opened the door for lenders to hang up “Whites only” signs when it struck down the rule in February.  ( 18 min )

Currency arbitrage is the act of buying and selling currencies instantaneously for a riskless profit.  ( 18 min )

Gold prices have fluctuated over the past century, reaching lows in the 1970s and inflation-adjusted highs in the early ’80s. In recent years, they have been on an uptrend.  ( 26 min )

S&P 500, Nasdaq snap 3-day losing streak on Thursday, June 22, 2023, as tech stocks advance.  ( 16 min )

FactSet shares declined after the company said it expects full-year revenue to be at the low end of its forecast.  ( 16 min )

Learn what it means when a bond has a negative yield and what circumstances must arise for the yield to be negative when using different formulas.  ( 17 min )

Americans' expectations for their investment returns don’t just exceed the advice of financial professionals, they are also above the global average.  ( 17 min )

There are countless CD options, and it can be hard to choose. Gain a thorough understanding of Bank of America’s CD rates to make a well-informed decision about opening an account.  ( 20 min )

The U.S. Energy Department plans to lend $9.2 billion to Ford subsidiary BlueOval SK for the construction of three plants that would produce batteries for the automaker's newest EVs.  ( 18 min )

Contract for differences (CFDs) offers European traders and investors an opportunity to profit from price changes without owning the underlying assets.  ( 29 min )

Disruptive innovation describes innovations that make products and services more accessible, affordable, and available to a larger population.  ( 25 min )

NRG Energy shares rose as the power provider boosted share buybacks and looked to change the board following criticism from activist investor Elliott Investment Management.  ( 16 min )

His Majesty's Revenue & Customs (HMRC) is the tax authority of the U.K. that collects the money that pays for public services and helps families and individuals with financial support.  ( 20 min )

Gazunder is a slang term used in the United Kingdom when a real estate buyer lowers their offer despite already having agreed to pay the higher price.  ( 22 min )

Understand how the Lowe's credit card works, which customers benefit the most, its terms and conditions, and what alternatives are available.  ( 23 min )

An account balance is the amount of money in a financial repository, such as a savings or checking account.  ( 22 min )

Pay As You Earn (PAYE) refers either to a system of income tax withholding by employers or an income-based system for student loan repayments.  ( 21 min )

Newsletter to learn financial terms and their relevance to today's investing news.  ( 10 min )

Newsletter to learn financial terms and their relevance to today's investing news.  ( 10 min )

Federally chartered credit unions are regulated by the NCUA, while state-chartered unions are regulated by their state's financial services division.  ( 20 min )

Collection-proof is a term used to describe a person who has no income or assets that can legally be seized for debt repayment.  ( 22 min )

An endowment loan is a type of mortgage in which the borrower does not pay off the principal of the loan until the mortgage expires.  ( 23 min )

When talking investment portfolios, the geometric mean is also sometimes referred to as compounded annual growth rate or time-weighted rate of return.  ( 21 min )

U.S. equities were mixed at midday on June 22, 2023, with tech stocks helping to boost the Nasdaq.  ( 16 min )

A credit union is a member-owned financial cooperative that is created and operated by members and shares profits with owners. It has certain advantages over banks.  ( 22 min )

Robinhood agreed to buy credit card provider X1 for $95 million in a move that could help the trading platform diversify its income stream.  ( 16 min )

Overstock won an auction for some of Bed Bath & Beyond's intellectual property rights and digital assets for $21.5 million.  ( 17 min )

Shares of Spirit AeroSystems tumbled as the airplane parts manufacturer suspended factory operations ahead of a strike by its union employees.  ( 16 min )

An exchange-traded fund (ETF) is a basket of securities that tracks an underlying index. ETFs can contain investments such as stocks and bonds.  ( 38 min )

You may know Sallie Mae as the bank that services your student loan, but it also offers other banking products, like CDs. Learn more about Sallie Mae’s CD rates.  ( 19 min )

England’s central bank hiked interest rates by an unexpected 50 basis points on Thursday to the highest level since 2008, in its 13th consecutive rate hike since late 2021.  ( 18 min )

After dropping for eight of the last nine quarters, home flipping profits increased as investor interest grew amid rising resale prices.  ( 17 min )

After dropping to a five-week low, 30-year mortgage rates have inched back up, with averages on most other loan types also up. Jumbo mortgage averages held steady, however.  ( 19 min )

Cushion theory argues that a shorted stock's falling price will again rise as short-sellers eventually purchase shares to cover their short position.  ( 23 min )

Here, you'll get a breakdown of 10 key players that influenced Brexit negotiations.  ( 25 min )

United States 12 Month Natural Gas Fund LP and the United States Natural Gas Fund LP offer broad exposure to the commodity.  ( 19 min )

Lancaster University Management School (LUMS) is the international business school division of Lancaster University, considered the best in the U.K. for business and management research.  ( 22 min )

Federal Reserve Chair Jerome Powell returns to Capitol Hill to testify before the Senate and the Bank of England hikes rates more than expected. Here’s what investors need to know today.  ( 17 min )

The pound is one of the world's most popular traded currencies, and is heavily impacted by certain economic and financial reports.  ( 22 min )

High mortgage rates have created a challenging environment, keeping would-be sellers from listing their homes. But the number of homes for sale could shrink even further, one report forecasts.  ( 17 min )

A lost cashier's check can bring financial headaches, but there are ways to minimize the pain, and even recoup the missing funds.  ( 21 min )

If you’re a first-time homebuyer, the options for borrowing can be exponential and potentially overwhelming. Here are some home financing basics.  ( 32 min )

The term “unauthorized insurer” refers to a fraudulent business that is posing as a legitimate insurance company.  ( 18 min )

Just how are companies added to and dropped from the S&P 500, and how is its value calculated? Curious? Read on.  ( 24 min )

No content preview

Citigroup will start holding employees "accountable" for compliance with hybrid work model rules, the bank said in a statement on Thursday. Bloomberg reported earlier the bank will start to check whether employees are complying with the requirement of working at least three days a week in the office. Bloomberg reported the bank will consider office attendance when rating employees' performance and pay.  ( 6 min )

No content preview

No content preview

The automaker looks to cut costs as it spends heavily on the shift to electric vehicles.  ( 28 min )

No content preview

No content preview

No content preview

Lawsuits said the company’s PFAS, used in firefighting foam, contaminated drinking water.  ( 29 min )

Shares of private jet service Wheels Up Experience tumbled 60% to an all-time low. The stock closed at $1.24. The company hired restructuring lawyers and is retooling its business model to try to survive the post-Covid era and [avoid a bankruptcy filing](https://www.wsj.com/articles/wheels-ups-jum  ( 20 min )

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

Turkey's currency and government bonds sold off after the central bank's first interest-rate increase in more than two years. Investors were hoping for a monster increase. And while the jump  ( 21 min )

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

Deutsche Bank analyst Mitch Collett upgrades shares of the maker of Bud Light to Buy from Hold.  ( 22 min )

No content preview

With the Federal Reserve raising its benchmark interest rate month after month, rates on lending products have climbed as well. Certificates of deposit (CDs) are no different. The average rate on a six-month CD has ticked back up to just … Continue reading → The post Are CDs Back? Where Advisors Are Telling Clients to Stash Cash as Rates Rise appeared first on SmartAsset Blog.  ( 8 min )

No content preview

No content preview

No content preview

No content preview

No content preview

The commitment for three plants in the South’s battery belt is the largest in the history of the DOE Loan Programs Office.  ( 31 min )

No content preview

No content preview

No content preview

No content preview

Accenture expects fiscal 2023 revenue growth in the range of 8% to 9%, lower than previous projections.  ( 22 min )

No content preview

No content preview

Morgan Stanley analyst Adam Jonas downgrades Tesla shares to Hold from Buy while boosting his price target to $250 a share from $200.  ( 22 min )

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

Tesla extends losses, Nvidia trades lower, and KB Home declines after the home builder's earnings report.  ( 23 min )

No content preview

No content preview

No content preview

No content preview

No content preview

The Berkshire Hathaway CEO has made annual donations since he began his giving program in 2006.  ( 22 min )

No content preview

No content preview

No content preview

No content preview

No content preview

De Furby, het pratende speelgoeddiertje dat in de jaren negentig de harten van veel kinderen veroverde, ligt binnenkort weer in de winkels. Spellenfabrikant Hasbro hoopt met de terugkeer van het speelgoed dezelfde rage te ontketenen als vroeger.  ( 3 min )

Bij een aantal woningcorporaties blijken bestuurders en commissarissen privé huizen te verhuren. Daar vragen ze vaak meer geld voor dan de overheid passend vindt. De corporaties wisten van niets, blijkt uit onderzoek van de NOS en Nieuwsuur.  ( 3 min )

ASML mag al vanaf 30 juni (bijna) geen nieuwe chipmachines meer naar China verschepen, meldt persbureau Bloomberg. Dat het exportverbod zou komen was al bekend, maar nog niet wanneer.  ( 3 min )

Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In deze aflevering zie je de impact die Philips heeft gehad op Eindhoven. Verder bespreken nazaten waarom het bedrijf niet in de familie is gebleven.  ( 3 min )

Het plan om een deel van de goedkopere koopwoningen toe te wijzen aan mensen met een laag of middeninkomen staat op losse schroeven. Woensdag tekende zich nog een meerderheid af in de Tweede Kamer, maar de PVV krabbelt nu terug.  ( 5 min )

Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In deze aflevering zie je de impact die Philips heeft gehad op Eindhoven. Verder bespreken nazaten waarom het bedrijf niet in de familie is gebleven.  ( 3 min )

Het pensioenfonds van de Church of England verkoopt zijn belangen in grote olie- en gasbedrijven. De anglicaanse kerk vindt dat deze bedrijven, waaronder Shell, niet genoeg doen om de klimaatdoelen van Parijs te halen.  ( 3 min )

De Turkse centrale bank heeft het belangrijkste rentetarief met 6,5 procentpunt verhoogd naar 15 procent. Het is de eerste stap sinds de herverkiezing van president Recep Tayyip Erdogan om de torenhoge inflatie te bestrijden en de koersval van de Turkse lira te stoppen.  ( 3 min )

Door de oorlog in Oekraïne en de hoge gasprijzen kende Eneco een zeer onrustig 2022. Toch wist het bedrijf zijn winst op te schroeven. Maar volgens de energieleverancier komt dat niet door de hogere tarieven voor klanten.  ( 4 min )

Afgelopen winter raadde de overheid burgers en bedrijven aan om de verwarming op 19 graden te zetten Maar in de zomer lijkt de aandacht voor energiebesparing weer te verslappen, terwijl de airco's met name in kantoorgebouwen staan te loeien.  ( 4 min )

Door de oorlog in Oekraïne en de hoge gasprijzen kende Eneco een zeer onrustig jaar in 2022. Toch wist het bedrijf zijn winst op te schroeven, blijkt uit het jaarverslag dat donderdag is verschenen. De energieleverancier zegt dat dit niet komt door de hogere tarieven voor klanten.  ( 4 min )

Gemeenten kunnen mensen met lage en middeninkomens straks voorrang geven op de goedkopere koophuizen. Dat moet deze kopers meer kansen geven dan bijvoorbeeld investeerders op de woningmarkt. Woensdagavond schaarde een meerderheid van de Tweede Kamer zich achter de nieuwe Huisvestingswet van minister Hugo de Jonge (Volkshuisvesting).  ( 4 min )

De bitcoin stond woensdag voor het eerst sinds half april weer boven de 30.000 dollar (zo'n 27.300 euro). Dit komt onder meer doordat enkele grote vermogensbeheerders in de markt zijn gestapt.  ( 4 min )

Afgelopen winter raadde de overheid burgers en bedrijven aan om de verwarming op 19 graden te zetten. Door de hoge prijzen en de roep om energiebesparing ging het gasverbruik sterk omlaag. Maar in de zomer lijkt de aandacht voor besparing weer te verslappen, terwijl de airco's met name in kantoorgebouwen staan te loeien.  ( 4 min )

Amazon is door de Amerikaanse toezichthouder FTC voor de rechter gedaagd, omdat het webwinkelbedrijf klanten zonder toestemming abonneert op zijn Prime-abonnementsdienst. Volgens de aanklacht heeft de techgigant het daarnaast heel moeilijk gemaakt om het abonnement op te zeggen.  ( 4 min )

De bitcoin stond woensdag voor het eerst sinds half april weer boven de 30.000 dollar (zo'n 27.300 euro). Dit komt onder meer doordat enkele grote vermogensbeheerders in de markt zijn gestapt.  ( 4 min )

Personeel in de verpleeghuiszorg en thuiszorg krijgt een salarisverhoging van 10 tot 14 procent. Daarvan profiteren 450.000 mensen. Met name de beginnende werknemers gaan erop vooruit.  ( 3 min )

Heb je een goedkopere telefoon van Motorola, Nokia, OnePlus, OPPO of Xiaomi, dan kun je volgens de Consumentenbond beter geen gezichtsherkenning als beveiliging gebruiken. Met bijvoorbeeld een afgedrukte pasfoto is die beveiliging eenvoudig te omzeilen.  ( 3 min )

Binnenkort kun je Duitse straten weer virtueel verkennen in Google Maps. Vanwege privacybezwaren stopte Google in 2010 met Street View in Duitsland, maar dertien jaar later waagt het bedrijf een nieuwe poging.  ( 4 min )

Alle Nederlandse activiteiten van Youfone worden overgenomen door KPN. De provider maakt al gebruik van de netwerken van KPN en heeft in Nederland ruim 540.000 klanten. Daarmee was Youfone een van de grootste zelfstandige aanbieders in het land.  ( 3 min )

Consumenten zijn de afgelopen maanden negatiever over de economie dan voorheen en bedrijven hebben in april minder geïnvesteerd dan een jaar geleden. Als we de cijfers moeten geloven, gaat het niet goed met de Nederlandse economie. Is dat echt zo? Of valt het allemaal wel mee?  ( 4 min )

Steeds meer werkenden komen langdurig thuis te zitten. Het gaat dan vooral om psychische klachten als een burn-out. Vooral onder jongeren neemt het aantal toe. Dat melden arbodienstverleners Human Capital Care en ArboNed.  ( 3 min )

Consumenten zijn de afgelopen maanden negatiever over de economie dan voorheen en bedrijven hebben in april minder geïnvesteerd dan een jaar geleden. Als we de cijfers moeten geloven, gaat het niet goed met de Nederlandse economie. Is dat echt zo? Of valt het allemaal wel mee?  ( 4 min )

U.S. equities were mixed at midday on June 22, 2023, with tech stocks helping to boost the Nasdaq.  ( 1 min )

Federal Reserve Chair Jerome Powell returns to Capitol Hill to testify before the Senate and the Bank of England hikes rates more than expected. Here’s what investors need to know today.  ( 1 min )

Robinhood agreed to buy credit card provider X1 for $95 million in a move that could help the trading platform diversify its income stream.  ( 1 min )

Shares of Spirit AeroSystems tumbled as the airplane parts manufacturer suspended factory operations ahead of a strike by its union employees.  ( 1 min )

Overstock won an auction for some of Bed Bath & Beyond's intellectual property rights and digital assets for $21.5 million.  ( 1 min )

No content preview

No content preview

Starbucks, Target, and Cracker Barrel have also faced criticism and boycotts from those unhappy with their support of the LGBTQ community this year.  ( 22 min )

No content preview

AI is a big deal, but shares have come too far, too fast.  ( 22 min )

No content preview

No content preview

No content preview

Embedded Insurance offered $19.34 a share, hasn’t managed to negotiate a deal.  ( 27 min )

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

The Federal Trade Commission is suing Amazon for attempting to enroll consumers in Amazon Prime without their consent and complicating effo  ( 21 min )

It’s not a misprint. Chip stocks are trading lower once again on Wednesday. The PHLX Semiconductor Index was down 2% in morning trading, continuing a recent selloff for the stock market’s most popular trade. Many of the S&P 500’s biggest laggards were chipmakers. Advanced Micro Devices fell mor  ( 20 min )

Mizuho analyst Jordan Klein on Wednesday said it's likely Intel will walk through the timing of foundry expansion plans globally.  ( 22 min )

↘️ FedEx (FDX): The delivery giant posted a drop in revenue for the third straight quarter due to weaker demand. Its stock fell around 1.7%. ↗️ [*  ( 20 min )

No content preview

Conglomerates are executing projects with a scale and speed that have eluded India in the past.  ( 25 min )

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

Determining when to retire can be tough. There are various factors to consider, including your financial situation, your health, and the lifestyle you wish to enjoy once you retire. While the decision of when to retire is personal to you, … Continue reading → The post When Do People Retire on Average appeared first on SmartAsset Blog.  ( 8 min )

The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage of adults living in middle-income households in the United States fell by more than 10 percentage points over … Continue reading → The post What It Takes to Be Middle Class in America's Largest Cities – 2023 Study appeared first on SmartAsset Blog.  ( 10 min )

No content preview

No content preview

No content preview

No content preview

No content preview

Barclays analyst Dan Levy downgrades Tesla stock to Hold from Buy while hiking his price target to $260 a share from $220.  ( 22 min )

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

No content preview

Shipping giant FedEx issues guidance that disappoints, and Tesla CEO Elon Musk says the electric-vehicle maker will be expanding into India 'as soon as humanly possible.'  ( 22 min )

No content preview

No content preview

No content preview

Analysts say a dividend cut and a heavier debt load loom for the Scotch tape maker amid potential settlement payments costing billions.  ( 30 min )

No content preview

No content preview

No content preview

No content preview

The S&P 500 Index (Standard & Poor's 500 Index) is a market-capitalization-weighted index of the 500 leading publicly traded companies in the U.S.  ( 27 min )

Permanent life insurance refers to coverage that never expires, unlike term life insurance, and combines a death benefit with a savings component.  ( 25 min )

A clear title is a title without any kind of impairment, lien, or levy from other parties that poses no question as to legal ownership.  ( 23 min )

Mutual funds and money market funds are both pools of money invested by professional money managers, but a money market fund invests only in low-risk, short-term debt.  ( 19 min )

India and China bought more gold jewelry in Q4 2019 than all of South America, Africa, North America, and Europe combined. The U.S. was the third biggest consumer.  ( 21 min )

Tail risk is portfolio risk that arises when the possibility that an investment will move more than three standard deviations from the mean is greater than what is shown by a normal distribution.  ( 20 min )

Core retail sales is an economic indicator of the strength of retail in the U.S. It excludes certain highly volatile categories such as gasoline.  ( 21 min )

An entity trading account is a dedicated account type belonging to a legal entity such as a corporation or limited partnership.  ( 19 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Jack Ma is the founder and executive chairman of Alibaba Group Holding Ltd. Learn more about his successes and rise to affluence in the tech industry.  ( 24 min )

Fidelity projects average healthcare costs for retirees will stay steady for the first time in nearly a decade, thanks to anticipated limits on out-of-pocket costs for prescription drugs.  ( 16 min )

Good Meat, a subsidiary of Eat Just Inc., and Upside Foods received approval from the USDA to sell meats cultivated from animal cells in a lab.  ( 17 min )

"Minimum spend” refers to the minimum amount of money a customer must spend in order to qualify for the sign-up bonus associated with a credit card.  ( 18 min )

Markets drop for 3rd straight day on Wednesday, June 21, 2023, as Fed's Powell sees more interest rate hikes ahead.  ( 16 min )

The Dow Jones Industrial Average fell 0.3%, or 102 points, Wednesday after Federal Reserve Chair Jerome Powell warned investors that more rate hikes lie ahead.  ( 16 min )

New national rate averages released this week show that the surge in CD rates may be flattening out, with only the shortest terms showing any strong upward movement.  ( 19 min )

The FTC filed a complaint against Amazon, claiming the online retailer duped customers to sign up for its Prime membership without their consent, and made it difficult for them to cancel subscriptions.  ( 18 min )

Retail sales tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time.  ( 25 min )

EBITDA stands for earnings before interest, taxes, depreciation and amortization. The margin provides investors with a snapshot of a firm's short-term operational efficiency.  ( 21 min )

Ford gets the vast majority of its revenue from vehicle sales and financial services.  ( 23 min )

The Federal Reserve is likely to raise its benchmark interest rate at “a more moderate pace” than the fast-and-furious rate hikes of the previous 15 months, Fed chair Jerome Powell told lawmakers.  ( 17 min )

Lambda is the percentage change in an option contract's price to the percentage change in the price of the underlying security.  ( 18 min )

Thanks to recent changes, most LGBTQ+ people have access to health insurance. But some still can't afford health care, and gender-affirming care can be particularly challenging.  ( 26 min )

Britcoin refers to the initiative in the U.K. for a digital pound that would not be a cryptocurrency or crypto asset but issued by the Bank of England and backed by the government.  ( 20 min )

Finding a financial advisor who caters to the specific financial needs of an LGBTQ+ person can make all the difference.  ( 27 min )

Celebrating some of the "firsts": times when American LGBTQ+ people smashed through barriers in politics, business, and culture.  ( 24 min )

Rates fell for almost all mortgage types, with the 30-year average sinking to its lowest level in five weeks. An exception was jumbo loans, whose various averages were flat.  ( 19 min )

A hostile takeover is the acquisition of one company by another without approval from the target company's management.  ( 27 min )

When you buy a new vehicle, you need to have car insurance. Learn how to buy car insurance for a new car and helpful tips you can use to save some money.  ( 22 min )

The central limit theorem (CLT) states that the distribution of sample means approximates a normal distribution as the sample size gets larger.  ( 24 min )

The yield curve has been inverted since July 2022. In the past, a recession has followed. But will that be the case this time?  ( 16 min )

U.S. equities were mixed at midday on Wednesday, June 21, 2023 as Fed Chair Powell told Congress interest rates need to go higher to fight inflation.  ( 16 min )

M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones.  ( 20 min )

Google Cloud launched an AI-powered product for banks to help detect money laundering more effectively.  ( 16 min )

Forex market hours are the periods of time when traders and investors are able to conduct transactions in the foreign exchange market, which is open five days a week.  ( 20 min )

If you want to put some money away for savings, Synchrony Bank’s CD accounts have some of the most competitive rates on the market. See if Synchrony’s CD is the right fit for you.  ( 21 min )

Shares of RV maker Winnebago slid as sales missed estimates because of weak demand and price cuts.  ( 16 min )

FedEx sales slipped as the pandemic boom in shipping demand slowed.  ( 16 min )

Here are some guidelines you need to adhere to in order to avoid getting sued as an advisor and to avoid disruptions to your business life from a lawsuit.  ( 26 min )

China on Wednesday unveiled a $72.3 billion tax break for buyers of electric vehicles (EVs)—its biggest yet for the EV market—in an effort to boost lagging auto sales and consumer spending.  ( 17 min )

A Unified Payments Interface (UPI) is a smartphone application which allows users to transfer money between bank accounts.  ( 20 min )

A lottery bond is issued by the U.K.'s National Savings and Investment, which offers the holder a chance to win a monthly drawing for tax-free cash.  ( 23 min )

Footsie is slang for the Financial Times-Stock Exchange 100 Share Index (FTSE 100).  ( 21 min )

Federal Reserve Chair Jerome Powell will testify to Congress and FedEx shares fall in pre-market trading as its delivery volumes decline. Here’s what investors need to know today.  ( 17 min )

The London Stock Exchange (LSE) is the main stock exchange in the United Kingdom. The LSE provides access to electronic trading for thousands of stocks.  ( 21 min )

Gilt-edged securities are high-grade investment bonds offered by governments and blue-chip companies as a means of borrowing money.  ( 20 min )

Saïd Business School (SBS) is the business school at Oxford University, and offers graduate programs in finance, business, and management.  ( 23 min )

The Big Bang refers to the day the stock market was deregulated in London on October 27, 1986.  ( 19 min )

De prijzen van koopwoningen zijn in mei voor de vierde maand op rij gedaald. De prijzen van bestaande koopwoningen waren gemiddeld bijna 6 procent lager dan een jaar eerder.  ( 3 min )

Het Amerikaanse ministerie van Landbouw heeft woensdag de verkoop van (nep)vlees op basis van dierlijke cellen goedgekeurd. Daardoor kunnen Amerikanen binnenkort in het laboratorium gekweekt kippenvlees eten. Dat begint bij luxerestaurants. Het kan nog jaren duren voordat het in supermarkten ligt.  ( 3 min )

Zwart stof en de geur van rottende eieren, maar ook economische voorspoed: Tata Steel verdeelt de regio IJmond al jaren. Hoe is het om in de buurt te wonen van dit vervuilende, maar voor de regio erg belangrijke complex?  ( 4 min )

Het voornemen om kinderopvang in 2027 bijna gratis te maken heeft veel kritiek ontvangen. Planbureaus SCP en CPB vinden dat het plan maar weinig effect heeft op arbeidsdeelname van vrouwen. Maar in Zweden werkt een systeem van bijna gratis opvang wel. Wat kunnen we daarvan leren?  ( 7 min )

Nederland loopt achter op België en Duitsland als het gaat om het verkleinen van de kloof tussen mannen en vrouwen. Vooral de economische en politieke kansen zijn in ons land niet gelijk verdeeld.  ( 3 min )

De AFM waarschuwt voor grote teleurstellingen bij mensen die denken dat ze een goed pensioen opbouwen, maar dat in werkelijkheid niet doen. Bij een miljoen mensen die pensioen opbouwen via verzekeraars of premiepensioeninstellingen, wordt volgens de financiële waakhond te weinig geld opzijgezet.  ( 4 min )

De Amsterdamse bierbrouwer Oedipus komt in handen van Heineken. De nieuwe eigenaar had al een minderheidsbelang en heeft sinds deze maand 100 procent van de aandelen in handen. Dat bevestigt een woordvoerder na berichtgeving van Het Parool.  ( 3 min )

Bijna 600.000 woningbezitters hebben dit jaar bezwaar gemaakt tegen de WOZ-waarde die gemeente had vastgesteld. Dat zijn er bijna drie keer zoveel als vorig jaar. Als de huiseigenaren zo de woningwaarde omlaag krijgen, zijn ze ook minder kwijt aan lokale belastingen.  ( 3 min )

De AFM waarschuwt voor grote teleurstellingen bij mensen die denken dat ze een goed pensioen opbouwen, maar dat in werkelijkheid niet doen. Bij een miljoen mensen die pensioen opbouwen via verzekeraars of premiepensioeninstellingen, wordt volgens de financiële waakhond te weinig geld opzijgezet.  ( 4 min )

De ongeveer 300.000 werknemers in de supermarkten kunnen vanaf september rekenen op een loonsverhoging van 10 procent. Het Vakcentrum en vakbond CNV Vakmensen zijn het eens geworden over een nieuwe cao. De FNV doet niet mee en staat dus buitenspel.  ( 3 min )

Supermarktpersoneel krijgt deze zomer mogelijk een loonsverhoging van gemiddeld 10 procent. Maar het is de vraag of dat doorgaat, omdat de leden van vakbond FNV het voorstel van de supermarkten in een stemming hebben afgewezen. Opvallend genoeg is vakbond CNV wél akkoord gegaan.  ( 3 min )

De Duitse economie krimpt dit jaar waarschijnlijk meer dan eerder gedacht. Vooral de hoge inflatie en energieprijzen zitten de oosterburen in de weg.  ( 3 min )

Het Duitse bedrijf J. Weck, dat de bekende inmaakpotten op de markt brengt, heeft faillissement aangevraagd. De potten zorgen ervoor dat bijvoorbeeld groenten en fruit lang goed blijven en werden zo populair dat wecken in het woordenboek is opgenomen. Nu komt na 123 jaar waarschijnlijk een einde aan het bedrijf.  ( 3 min )

Het Duitse bedrijf J. Weck, dat de bekende inmaakpotten op de markt brengt, heeft faillissement aangevraagd. De potten zorgen ervoor dat bijvoorbeeld groenten en fruit lang goed blijven en werden zo populair dat wecken in het woordenboek is opgenomen. Nu komt na 123 jaar waarschijnlijk een einde aan het bedrijf.  ( 3 min )

Tinder gaat zijn gebruikers samen met het Centrum Seksueel Geweld voorlichting geven over seksueel geweld. De campagne zet in op het voorkomen van nare seksuele ervaringen en op hulp erna.  ( 4 min )

Tinder gaat zijn gebruikers samen met het Centrum Seksueel Geweld voorlichting geven over seksueel geweld. De campagne zet in op het voorkomen van nare seksuele ervaringen en op hulp erna.  ( 4 min )

Het leven in het Verenigd Koninkrijk is in mei 8,7 procent duurder geworden ten opzichte van dezelfde maand vorig jaar. Dat is fors meer dan de 2 procent inflatie die de Britse centrale bank voor ogen heeft.  ( 3 min )

In de Europese Unie zijn vorige maand bijna een miljoen auto's meer verkocht dan in mei vorig jaar.  ( 3 min )

Betalingsbedrijf Mastercard gaat wereldwijd creditcards en betaalpassen recyclen. Het gaat om miljarden kaarten die in omloop zijn. Mastercard wil daarmee voorkomen dat de passen op de stortplaats belanden.  ( 3 min )

Bedrijven in ons land hebben in april 2,4 procent minder geïnvesteerd ten opzichte van dezelfde maand een jaar eerder. Ze staken vooral minder geld in woningen.  ( 2 min )

Consumenten waren in juni iets negatiever over de economie dan een maand eerder. Het consumentenvertrouwen is daarmee voor de tweede maand op rij iets verslechterd. De koopbereidheid van consumenten nam daarbij af.  ( 3 min )

Vanaf 1 juli mogen horeca, tankstations, supermarkten en speciaalzaken geen eten en drinken in (deels) plastic verpakkingen meer verkopen, zonder daar een toeslag voor te rekenen. Ze kunnen een alternatief aanbieden in de vorm van herbruikbare verpakkingen, die zij aanbieden of jij zelf meeneemt om te laten vullen. Daar lijkt in de praktijk weinig van terecht te komen, blijkt uit een rondgang van NU.nl.  ( 5 min )

Good Meat, a subsidiary of Eat Just Inc., and Upside Foods received approval from the USDA to sell meats cultivated from animal cells in a lab.  ( 1 min )

The FTC filed a complaint against Amazon, claiming the online retailer duped customers to sign up for its Prime membership without their consent, and made it difficult for them to cancel subscriptions.  ( 1 min )

Shares of RV maker Winnebago slid as sales missed estimates because of weak demand and price cuts.  ( 1 min )

Google Cloud launched an AI-powered product for banks to help detect money laundering more effectively.  ( 1 min )

FedEx sales slipped as the pandemic boom in shipping demand slowed.  ( 1 min )

Markets drop for 3rd straight day on Wednesday, June 21, 2023, as Fed's Powell sees more interest rate hikes ahead.  ( 1 min )

U.S. equities were mixed at midday on Wednesday, June 21, 2023 as Fed Chair Powell told Congress interest rates need to go higher to fight inflation.  ( 1 min )

Federal Reserve Chair Jerome Powell will testify to Congress and FedEx shares fall in pre-market trading as its delivery volumes decline. Here’s what investors need to know today.  ( 1 min )

No content preview

No content preview

No content preview

No content preview

No content preview

For the coming fiscal year, the logistics company expects to earn between $16.50 and $18.50 a share. Wall Street was looking for about $18.30 a share.  ( 22 min )

No content preview

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

No content preview

The delivery company plans to merge Express, Ground networks in Canada.  ( 27 min )

Moving from a paycheck to multiple retirement income is complicated. Understanding retirement income types and how to manage them can be beneficial.  ( 26 min )

No content preview

Shares of FedEx were down 4% afterhours on Tuesday following the release of its fourth-quarter and full-year financial results. The company reported $21.9 billion of revenue, off consensus estimates above $22.5 billion , according to FactSet. Earnings beat analysts' expectations of $4.85 per share,  ( 20 min )

No content preview

Wall Street investment banks and economists have been warning of an impending economic downturn for almost two years, but the economy has managed to remain resilient despite factors like stubborn inflation and the Federal Reserve’s aggressive interest rate hikes. See Next: New Battery Beats Tesla’s Lithium-Ion By A Mile With 50% Cheaper Price Tag, 99% Recyclable and Three Times Longer Lifespan Now, with the rapid advancement of artificial intelligence (AI) technology, particularly after the rele  ( 9 min )

The director of marine operations at OceanGate, the company whose submersible went missing Sunday on an expedition to the Titanic in the North Atlantic, was fired after raising concerns about its first-of-a-kind carbon fiber hull and other systems before its maiden voyage, according to a filing in a 2018 lawsuit first reported by Insider and New Republic. David Lochridge was terminated in January 2018 after presenting a scathing quality control report on the vessel to OceanGate’s senior management, including founder and CEO Stockton Rush, who is reportedly on board the missing vessel.  ( 9 min )

No content preview

Oil prices were slipping in Tuesday trading, weighed down from news in China, according to Edward Moya, senior market analyst at OANDA. Earlier in the day, China slashed its benchmark lending rates fo  ( 22 min )

No content preview

No content preview

Georgia auto shop owner Miles Walker has to pay Andreas Flaten and 8 coworkers nearly $39,934 in a judgment after originally paying in dirty pennies.  ( 7 min )

EDX Markets, a cryptocurrency platform backed by Charles Schwab, Fidelity and Ken Griffin's Citadel Securities, launched trading for bitcoin, ether, litecoin, and bitcoin cash.  ( 18 min )

Bernstein analyst Stacy Rasgon says Nvidia and Broadcom are the ideal chip stocks to benefit from the rising demand for artificial-intelligence semiconductors.  ( 22 min )

Investors snapped up shares of Virgin Galactic (SPCE) after Richard Branson’s space tourism firm finally announced plans to begin commercial service at the end of this month.  ( 7 min )

Companies can allocate their funds in various ways to create shareholder value. But in the eyes of legendary investor Warren Buffett, one method stands out above all others. “If you do it at the right price, there’s nothing better than buying in your own business,” the Berkshire Hathaway CEO said during his company’s annual shareholders meeting in 2022. Buffett was referring to stock buybacks. Basically, a company can repurchase its own shares from the open market, effectively reducing the numbe  ( 9 min )

No content preview

Airbus disclosed what one analyst described as a "monster order," but shares of the company barely moved.  ( 22 min )

No content preview

AT&T says second-quarter free cash flow is expected at between $3.5 billion and $4 billion.  ( 25 min )

(Bloomberg) -- The government of Abu Dhabi is taking a 7% stake in Nio Inc. and will gain a board seat, giving the electric carmaker a capital infusion as it contends with losses and uncertain demand in China’s competitive EV market.Most Read from BloombergAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpThese Are World’s Most Expensive Cities for High-Class LivingTucker Carlson's Fox Defense Crumbled When He Took MillionsSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicOxygen W  ( 7 min )

Mary Meeker and Andreessen Horowitz were also involved in the $250 million funding round.  ( 7 min )

(Bloomberg) -- Oil switched between narrow gains and losses in London, fluctuating with wider markets after China began a gradual roll-out of measures to aid its economy. Most Read from BloombergAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpTucker Carlson's Fox Defense Crumbled When He Took MillionsThese Are World’s Most Expensive Cities for High-Class LivingSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesBrent  ( 7 min )

The electric-vehicle maker held a one-day sale on Saturday, indicating that auto investors are going to have to start tracking inventories of unsold cars and trucks.  ( 22 min )

Nio Inc said on Tuesday that CYVN Holdings, a firm backed by the Abu Dhabi government, will invest about $738.5 million in the Chinese electric vehicle maker. The news sent Nio's U.S.-listed shares down about 3% at $9.12. Nio and peers Xpeng and Li Auto are among the companies competing to grab a larger EV market share in the world's largest automotive market dominated by BYD.  ( 6 min )

What to do when the conventional wisdom and the market sentiment are tugging in different directions? It’s happening now, with markets registering strong year-to-date gains even though elevated inflation and high interest rates are threatening a credit crunch and starting to crimp consumer spending. B. Riley’s chief investment strategist, Paul Dietrich has been watching the markets closely, noting, “The jump in the S&P 500’s big tech stocks is hiding concerns among investors that the U.S. is abo  ( 10 min )

No content preview

Philip Morris International stock is down about 6% through Friday's close this year, compared with the S&P 500's 15% rise.  ( 22 min )

A lot has been brewing at Alibaba Group Holding Limited (NASDAQ: BABA) lately. The stock has been trading lower Tuesday following reports of Alibaba naming Eddie Wu, one of the company's co-founders and current Chair of Taobao and Tmall Group, succeeding Daniel Zhang as CEO, effective September 10. Post-transition, Zhang will continue leading the Alibaba Cloud Intelligence Group as its Chair and CEO. Alibaba co-founder Jack Ma held a small group meeting with executives from the company's e-comme  ( 7 min )

No content preview

No content preview

If you find yourself with $1.5 million in retirement savings, you're doing more than five times better than the average retiree, who only has $279,997. It is true that $1.5 million can last indefinitely in retirement if you don't spend … Continue reading → The post How Long Will $1,500,000 Last in Retirement? appeared first on SmartAsset Blog.  ( 9 min )

Earning more money can make it easier to pay the bills, fund your financial goals and spend on hobbies or "fun," but what income is considered to make you rich? The answer can depend on several factors, including where you … Continue reading → The post What Income Level Is Considered Rich? appeared first on SmartAsset Blog.  ( 10 min )

How Social Security income is taxed depends on how much income you have from other sources. Here are the 2022 IRS limits for individual and joint filers.  ( 11 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 20 min )

No content preview

Joseph Tsai will replace Zhang as chairman and Eddie Yongming Wu will become the chief executive.  ( 22 min )

No content preview

KKR-managed funds and accounts will will purchase up to €40 billion of PayPal's buy now, pay later loan receivables originated in Europe.  ( 25 min )

The logistics company is expected to offer financial forecasts for its 2024 fiscal year.  ( 25 min )

Peter Lynch is The legendary former Fidelity Magellan fund manager and author of the pioneering book on investing “One Up On Wall Street,” which will celebrate its 35th anniversary next year, He and Kerry Hannon, among other things, discussed what has changed since that book first came out.  ( 13 min )

(Bloomberg) -- More Americans are entering into auto loans that exceed the worth of their cars after vehicle values declined in the wake of dramatic increases during the pandemic, a report has found.Most Read from BloombergAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpTucker Carlson's Fox Defense Crumbled When He Took MillionsThese Are World’s Most Expensive Cities for High-Class LivingSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicXi Tells Blinken ‘Very Good’ That Progress  ( 6 min )

No content preview

No content preview

Lilly says its acquisition of Dice for $48 a share would allow it to leverage the company's developing treatments for chronic diseases in immunology.  ( 22 min )

Wall Street’s focus has moved from Tesla’s price cuts to a more distant future of driverless vehicles. It may shift again.  ( 28 min )

Homebuilder confidence moves into positive territory for the first time in nearly a year and UPS union workers threaten to strike if an agreement isn't reached. Here’s what investors need to know today.  ( 19 min )

Investment firm KKR will purchase up to 40 billion euros ($43.71 billion) of buy now, pay later (BNPL) loans originated by PayPal Holdings in Europe, the payments company said on Tuesday. Under the terms of the agreement, private credit funds and accounts managed by KKR will acquire substantially all of PayPal's European BNPL loan portfolio. After the deal closes, PayPal said it expects to allocate roughly $1 billion to incremental share repurchases in 2023, contributing to an updated outlook of nearly $5 billion in total share repurchases so far this year.  ( 6 min )

Philip Morris International Inc will launch a new $30 million production facility in the Lviv region in western Ukraine in the first quarter of next year, the company said on Tuesday. "This investment reflects our commitment as Ukraine's long-term economic partner," Maksym Barabash, Chief Executive Officer of Philip Morris Ukraine, said in a statement. Ukraine is in dire need of foreign capital to rebuild and revamp its economy, hit hard by Russia’s invasion.  ( 7 min )

The exchange backed by Citadel Securities, Fidelity Investments and Charles Schwab seeks business from those interested in digital assets but wary of troubles at FTX and Binance.  ( 30 min )

↘️ Alibaba (BABA): The Chinese e-commerce giant is replacing Chairman and Chief Executive Daniel Zhang with two successors, as it p  ( 20 min )

Stock futures slipped on Tuesday as wary investors eyed potential headwinds for the recent rally with markets set to resume after a holiday break.  ( 7 min )

No content preview

No content preview

The central bank’s reverse repo fell below $2 trillion for the first time in more than a year.  ( 29 min )

"The market appears to be in a period of quiet accumulation, which suggests an undercurrent of demand," one analyst said.  ( 6 min )

(Bloomberg) -- Alibaba Group Holding Ltd. is replacing eight-year veteran chief Daniel Zhang at the helm of a Chinese e-commerce leader bleeding market share and struggling to revive growth in the post-Covid era.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapSearch Underway for Titanic-Wreck Submersible With Five CrewMass Immigration E  ( 8 min )

Alibaba says Daniel Zhang will be stepping down as chairman and chief executive, Philip Morris shares are upgraded, and FedEx is scheduled to report earnings after the closing bell Tuesday.  ( 22 min )

The world's second-largest economy is trying to jolt post-Covid growth, which has been sluggish since Beijing lifted pandemic restrictions.  ( 22 min )

Daniel Zhang Yong, the 51-year-old Chinese business executive, has announced his resignation as Alibaba Group Holding chairman and chief executive to focus on Alibaba Cloud, the digital technology and intelligence backbone of the group. Zhang will be succeeded as chairman by Joseph C. Tsai, who is currently executive vice-chairman, and Eddie Wu Yongming, chairman of Taobao & Tmall Group, will become CEO. Zhang will continue on at the company as chairman and CEO of Alibaba Cloud Intelligence Grou  ( 9 min )

Joseph Tsai will replace Zhang as chairman and Eddie Yongming Wu will become the chief executive.  ( 22 min )

Carlos Ghosn filed $1 billion suit in Lebanon against Nissan, a judicial source told Reuters on Tuesday, adding that the court session will take place in Sept. Ghosn, once a leading light of the global car industry, was arrested in Japan in late 2018 and charged with financial misconduct. He denied the charge and said his detention was part of a plot by Nissan executives to block a merger.  ( 6 min )

The CEO role will be handed over to Eddie Yongming Wu, chairman of Alibaba's Taobao and Tmall Group, while Executive Vice Chairman Joseph Tsai will take over from Zhang as chairman. If anything, it emphasises the increasing importance of AI in the company's focus, while also underscoring that e-commerce is the core business unit.  ( 8 min )

(Bloomberg) -- One of Wall Street’s most bearish strategists isn’t giving in to the bullish about-turn in equities, saying investors may be in for “a rude awakening.”Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMorgan St  ( 8 min )

We’re winding up the first half of 2023, and what could be more natural than to figure out the best stocks for the rest of the year? Stock picking of this sort is an essential skill for every investor, and fortunately, the Street’s analysts make it easy. They are always ready to point out which stocks are their ‘Top Picks,’ and we can follow those recommendations. In this case, we’re looking at three stocks that have ‘top pick’ designation from the analysts, and also feature an attractive combin  ( 11 min )

(Bloomberg) -- UBS Group AG faces hundreds of millions of dollars in penalties following investigations by several regulators into Credit Suisse’s dealings with Archegos Capital, the Financial Times reported. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapSearch Underway for Titanic-Wreck Submersible With Five CrewMass Immigration Expe  ( 7 min )

German stocks led the decline among European peers on Tuesday as shares of speciality chemicals maker Lanxess plunged after lowering its forecast, while a modest interest rate cut by China failed to lift investor sentiment. Germany's DAX index fell 0.5% by 0709 GMT, retreating farther from a record high it hit on Friday. The continent-wide STOXX 600 index fell 0.4%.  ( 6 min )

Asian shares mostly declined Tuesday as some investors took a wait-and-see attitude after U.S. markets were closed for a national holiday. Brent crude, the international standard, declined 26 cents to $75.83 a barrel.  ( 7 min )

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: Downgrades at Palantir Technologies, Performance Food, and Gates Industrial, and initiation at Lemonade. Palantir Technologies (NYSE:PLTR) shares were recently off nearly 2% pre-market today after Raymond James downgraded the company to Outperform from Strong Buy with a price target of $18.00 (from $15.00). The analyst cited the stock's "premium" valuation after a strong run since its first-quarter print, but said they remain "enthusiastic about Palantir's positioning in AI."  ( 7 min )

China’s Alibaba Group has announced a major management reshuffle aimed at spurring the e-commerce giant's growth at a time when the Chinese economy is slowing despite an end to COVID-19 pandemic restrictions a half-year ago. Eddie Wu, chairman of its e-commerce group, will succeed Daniel Zhang as CEO, the company said in a statement Tuesday. Zhang will be CEO and chairman of Alibaba’s cloud computing unit, which has been approved to be spun off and is expected to be listed for trading within a year.  ( 7 min )

Alibaba is reshuffling its top executives, with current Vice Chairman Joseph Tsai taking over as chairman from Daniel Zhang while the head of its domestic e-commerce unit was named CEO.  ( 27 min )

Bill Gates and other tech-industry investors are backing AI-powered startup KoBold Metals.  ( 28 min )

European antitrust regulators are preparing to launch a formal investigation into software giant Adobe's $20 billion buyout deal for cloud-based designer platform Figma later this year, the Financial Times reported on Tuesday. EU authorities plan to push forward with a detailed investigation, over anti-competition concerns, which could take many months and may ultimately derail the deal altogether, FT said, citing people with knowledge of the move. EU regulators have earlier said that Adobe would need to secure European Union antitrust approval for the Figma deal even though the deal falls short of the EU turnover threshold for a review.  ( 7 min )

(Bloomberg) -- Alibaba Group Holding Ltd. announced a new chairman and chief executive, unveiling a surprise plan to replace Daniel Zhang at the helm of a company that’s been bleeding market share and struggling to revive growth in the post-Covid era.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canad  ( 7 min )

Investors have been ramping up bets against stocks—and they are getting burned.  ( 27 min )

Japanese automaker Suzuki Motor Corp said on Tuesday it had reached an agreement with SkyDrive Inc to make "flying cars". The companies will use a Suzuki Group factory in central Japan to make electric vertical take-off and landing (eVTOL) aircraft and aim to begin production by around spring next year, Suzuki said in a statement. SkyDrive will establish a wholly owned subsidiary to make the aircraft and Suzuki will help with preparations for the manufacturing, including securing talent, the automaker said.  ( 5 min )

(Bloomberg) -- Stark Corp. Pcl, a Thai maker of electrical components engulfed in an accounting scandal, has cited Russia’s war in Ukraine as a reason for pulling out of an agreement to buy a German maker of automotive cable solutions for €560 million.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicXi Tells Blinken ‘Very Good’ That Progress Made on  ( 8 min )

Stocks in Asia fell on Tuesday as investors worried China's latest rate cut was not enough to boost confidence in the weakening economy and awaited a wider stimulus package by Beijing. China, in a highly anticipated move, cut two key benchmark lending rates for the first time in 10 months on Tuesday, with its one-year loan prime rate (LPR) lowered by 10 basis points to 3.55% and the five-year LPR cut by the same margin to 4.20%. China's benchmark CSI edged down 0.03%.  ( 7 min )

(Bloomberg) -- Asian stocks are poised for a mixed open on Tuesday as the rally in global equities shows signs of wavering and investors fret over China’s tepid post-pandemic recovery.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race for LaborIndiGo Bets Big on Indian Travel  ( 8 min )

(Bloomberg) -- A world-beating rally in Chinese tech stocks this month is shoring up confidence that the once-beleaguered sector may finally see its fortunes reverse.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race for LaborIndiGo Makes Record 500-Plane Order With Airbus, Be  ( 9 min )

(Bloomberg) -- Mankind Pharma Ltd. has garnered the most analyst coverage of any new Indian stock in at least 12 years, as investors rush to buy the drug and condom maker following its May initial public offering.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race for LaborIndi  ( 7 min )

China cut two key benchmark lending rates for the first time in 10 months on Tuesday, as authorities seek to shore up a slowing recovery in the world's second-largest economy. The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.55%, while the five-year LPR was cut by the same margin to 4.20% from 4.30%. A Reuters poll of 32 market participants showed all respondents expected reductions to both rates.  ( 5 min )

When I say “many,” I’m backed up by a 2023 survey from Savings.com that found 45% of parents with a child 18 or older spend an average of over $1,400 per month supporting their kids financially, excluding adult kids with disabilities. A certified financial planner and a therapist who both have experience in this department share their thoughts. There are many reasons a parent may choose to support their adult kids.  ( 10 min )

(Bloomberg) -- Treasuries dropped in Asia as they reopened following a US long weekend, extending a global slide that kicked off in the UK where investors grew concerned stubborn inflation will lead to more aggressive monetary tightening. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in  ( 6 min )

Oil prices were mixed on Tuesday ahead of a decision on lending benchmarks by China, with the world's second-largest economy widely expected to cut key rates to shore up a slowing recovery. Brent crude was 3 cents higher at $76.12 a barrel at 0041 GMT. U.S. West Texas Intermediate (WTI) crude was unchanged at $71.29 and there was no settlement on Monday due to a public holiday in the United States.  ( 7 min )

The withdrawal of Adam Gabor comes after a letter last week regarding his newest in-house attorney, Allison Huebert.  ( 6 min )

(Bloomberg) -- Woodside Energy Group Ltd. gave the go-ahead for a $7.2 billion oil field off Mexico, the Australian producer’s first major fossil fuel investment since acquiring BHP Group Ltd.’s petroleum business last year. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race f  ( 7 min )

Home equity conversion mortgages are the most common reverse mortgages, but proprietary and single-purpose reverse mortgages offer other benefits.  ( 21 min )

Learn about how to identify examples of unsystematic risk, and discover how many can be traced to entrepreneurial error or political and legal action.  ( 21 min )

Cross culture in business refers to a company's efforts to ensure that its employees interact effectively with professionals from other backgrounds and countries.  ( 20 min )

If you're thinking about early retirement, you need to budget, save, invest, and plan ahead. Find out how to retire early so you can enjoy a longer retirement.  ( 24 min )

A retirement planner is a professional who helps individuals prepare and maintain a financial plan for retirement.  ( 25 min )

Discover what drives economic growth and a few of the methods used by leaders and economists to increase economic activity in an economy.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

The Dow Jones Industrial Average fell 0.7%, or 245 points, Tuesday as markets took a breather after rallying to their highest levels in a year. Intel (INTC), Nike (NKE), and Boeing (BA) all fell more than 3%, weighing on the index.  ( 16 min )

Moving from a paycheck to multiple retirement income is complicated. Understanding retirement income types and how to manage them can be beneficial.  ( 26 min )

Islamic banking refers to a banking system that is based on the principles of Islamic law (Sharia law) and guided by Islamic economics.  ( 24 min )

Energy stocks, Boeing, Intel, Nike drag down markets on Tuesday, June 20, 2023 to begin shortened trading week.  ( 16 min )

The Enterprise Investment Scheme (EIS) is a UK program that helps smaller, riskier companies to raise capital by giving their external shareholders federal tax relief.  ( 22 min )

A self-invested personal pension is a retirement savings account available in Great Britain that offers participants asset allocation flexibility.  ( 21 min )

PayPal shares rose after entering a deal with KKR for PayPal's "Buy Now, Pay Later" European loans.  ( 16 min )

The Jobseeker’s Allowance (JSA) is a benefit that is available to unemployed individuals in the U.K. who are actively seeking work.  ( 21 min )

The money market refers to trading in very short-term debt investments. These investments are characterized by a high degree of safety and relatively low rates of return.  ( 27 min )

President Joe Biden is meeting with several artificial intelligence researchers in San Francisco today, amid growing talk of if and how the rapidly developing technology should be regulated.  ( 17 min )

The Retail Price Index (RPI) is one of two measures of consumer inflation produced by the United Kingdom's Office for National Statistics.  ( 20 min )

Rivian shares rose after it joined other EV makers in adopting Tesla's charging station standard.  ( 16 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.  ( 18 min )

Money orders and cashier’s checks can be a convenient way to pay someone or to receive money, but each comes with its own advantages and disadvantages  ( 23 min )

Learn about the top 10 economic indicators for the United Kingdom, the world’s 6th-largest economy.  ( 21 min )

With an initial investment of $16,732, the top-paying high-yield savings account could net you approximately $72 in interest each month after just one year.  ( 18 min )

If builders kept up the pace they set in May, they would begin work on 1.63 million single and mutli-family housing units in one year, up significantly from April's pace.  ( 16 min )

The investment advisor field is divided into two types: fee-based and commission-based. The better one for your needs depends on the nature and the size of your portfolio, along with your investment strategy and goals.  ( 26 min )

Average daily trading volume (ADTV) is the average number of shares that change hands for a stock. This average is useful for determining which stocks are suitable for certain investors.  ( 27 min )

EDX Markets, a cryptocurrency platform backed by Charles Schwab, Fidelity and Ken Griffin's Citadel Securities, launched trading for bitcoin, ether, litecoin, and bitcoin cash.  ( 17 min )

Hyundai plans to spend $28 billion over the next decade to speed up its electrification efforts and is considering adopting Tesla’s charging network.  ( 17 min )

Trading volume and open interest are key numbers to watch when buying and selling options. Together they can indicate liquidity, trader interest, and price strength.  ( 24 min )

Personal loan rates increased slightly this week to 21.38%, a rise of 3 basis points since last week when the average personal loan rate sat at 21.35%.  ( 17 min )

Despite plentiful lease availability, rising vacancies and plunging office property values, construction on new offices hasn't stopped—and more lies ahead  ( 20 min )

National Insurance Contributions are taxes paid by employees and employers in the United Kingdom to fund a wide range of government benefits programs.  ( 21 min )

United States Brent Oil Fund LP and United States Oil Fund LP are top funds in terms of recent performance, expenses, and liquidity.  ( 19 min )

Determining creditworthiness of smaller and medium-sized corporations isn't as easy as for larger companies, but these tips can help.  ( 20 min )

Barclays doesn’t offer many CD options, but it does offer competitive rates for certain terms. See Barclays’ CD rates, terms, and features to see if it’s the right fit for your savings.  ( 19 min )

More than a quarter of employees worldwide planned to switch jobs in the next year, up from 19% in 2022, according to a PwC survey of 54,000 workers in 46 countries.  ( 16 min )

Alibaba's CEO and Chairman stepped down in a surprise move to lead its cloud business as the company doubles down on global expansion. But Alibaba shares fell 4%.  ( 19 min )

Markets opened the shortened trading week on Tuesday, June 20, 2023 with losses as oil stocks sank along with the price of crude.  ( 16 min )

Eli Lilly agreed to buy DICE Therapeutics for $2.4 billion. The deal values DICE shares at an almost 40% premium from Friday's close.  ( 16 min )

The Inland Revenue was a British government department responsible for collecting direct taxes and administering benefits between 1849 and 2005.  ( 21 min )

Rates on 30-year fixed-rate mortgages held steady, with little movement among most other averages. Jumbo 30-year rates were an exception, rising an eighth of a point.  ( 19 min )

Intel nearly doubles spending for two factories in Germany to $33 billion.  ( 16 min )

These notable LGBTQ+ investors have shaped the world and opened doors for others to follow.  ( 21 min )

Job protections for the LGBTQ+ community are new. Despite progress, members of this community continue to face disparities in income and unemployment.  ( 26 min )

The International Monetary Fund is working on a platform for central bank digital currencies that could help support efficiency, transparency, and interoperability of settlements.  ( 16 min )

Cambridge Judge Business School is the graduate business school at Cambridge University, located in Cambridge in the United Kingdom. It is regarded as one of the most prestigious business schools in the world.  ( 21 min )

Tesco, a British multinational corporation, has grown organically and notably, through acquisitions, taking over about 30 companies over the years.  ( 23 min )

XAR offers the lowest fees, PPA has the best return, and ITA is the most liquid.  ( 17 min )

The Express streamed back into the Rockies for the 40th anniversary of the Food & Wine Classic to talk about the business of being a chef with Anna Castro and Calvin Eng, two of the best new chefs in America.  ( 19 min )

The labor market refers to the supply of and demand for labor, for which employees provide supply and employers provide demand. Labor is a major part of the economy.  ( 26 min )

Durham University Business School is the business school of Durham University offering graduate and post-graduate degrees.  ( 20 min )

Homebuilder confidence moves into positive territory for the first time in nearly a year and UPS union workers threaten to strike if an agreement is reached. Here’s what investors need to know today.  ( 17 min )

A building society is a type of financial institution that provides banking and other financial services to its members.  ( 22 min )

The Manchester Business School (MBS) is the business school at the University of Manchester in Manchester, England.  ( 20 min )

A personal equity plan (PEP) was a scheme that gave U.K. residents the opportunity to invest in the stock market without paying tax.  ( 20 min )

Cash concentration and disbursement (CCD) is a type of electronic transfer, often used to transfer funds among remote locations and so-called concentration (i.e. collection) accounts.  ( 21 min )

Choosing a bank is rarely a one-off process, and there are a few critical factors to know before you make your decision. Here are the top three.  ( 24 min )

Energy stocks, Boeing, Intel, Nike drag down markets on Tuesday, June 20, 2023 to begin shortened trading week.  ( 1 min )

The Dow Jones Industrial Average fell 0.7%, or 245 points, Tuesday as markets took a breather after rallying to their highest levels in a year. Intel (INTC), Nike (NKE), and Boeing (BA) all fell more than 3%, weighing on the index.  ( 1 min )

Markets opened the shortened trading week on Tuesday, June 20, 2023 with losses as oil stocks sank along with the price of crude.  ( 1 min )

Homebuilder confidence moves into positive territory for the first time in nearly a year and UPS union workers threaten to strike if an agreement is reached. Here’s what investors need to know today.  ( 1 min )

PayPal shares rose after entering a deal with KKR for PayPal's "Buy Now, Pay Later" European loans.  ( 1 min )

Rivian shares rose after it joined other EV makers in adopting Tesla's charging station standard.  ( 1 min )

Alibaba's CEO and Chairman stepped down in a surprise move to lead its cloud business as the company doubles down on global expansion. But Alibaba shares fell 4%.  ( 1 min )

Hyundai plans to spend $28 billion over the next decade to speed up its electrification efforts and is considering adopting Tesla’s charging network.  ( 1 min )

Eli Lilly agreed to buy DICE Therapeutics for $2.4 billion. The deal values DICE shares at an almost 40% premium from Friday's close.  ( 1 min )

Intel nearly doubles spending for two factories in Germany to $33 billion.  ( 1 min )

De gemiddelde loonstijging zal in de tweede helft van dit jaar afzwakken. Werkgevers zullen vanwege de economische onzekerheid minder uitbundig zijn aan de cao-tafels.  ( 4 min )

De gemiddelde loonstijging zal in de tweede helft van dit jaar afzwakken. Werkgevers zullen vanwege de economische onzekerheid minder uitbundig zijn aan de cao-tafels.  ( 4 min )

Bij een deel van de oppositie is wrevel ontstaan over het voornemen om de belasting op gas te veranderen. Het kabinet wekt de suggestie dat er een verlaagd tarief komt, maar in de praktijk is daar geen sprake van. De kans is groot dat de belasting op gas voor de meeste huishoudens zelfs omhooggaat.  ( 7 min )

De supermarkten houden hun kaarten nog tegen de borst over wat ons als klanten te wachten staat als op 1 juli nieuwe regels voor plastic verpakkingen ingaan. Ze hadden gehoopt daarin gezamenlijk op te trekken, maar daar heeft toezichthouder ACM een stokje voor gestoken.  ( 4 min )

Frances Haugen werd in 2021 in één klap bekend als klokkenluider, nadat ze duizenden interne documenten over haar werknemer Facebook openbaar had gemaakt. Daaruit bleek hoe het beleid van Facebook tekortschoot, onder meer rondom desinformatie en beïnvloeding. Kunstmatige intelligentie kan nog meer problemen opleveren, zegt ze in gesprek met NU.nl op het Mozilla Festival in Amsterdam.  ( 4 min )

De twee cokesgasfabrieken van Tata Steel in de IJmond komen per direct onder verscherpt toezicht te staan. De Omgevingsdienst Noordzeekanaalgebied ziet dat de problemen bij de vervuilende installaties zich opstapelen en heeft ook een dwangsom opgelegd.  ( 4 min )

De twee cokesgasfabrieken van Tata Steel in de IJmond komen per direct onder verscherpt toezicht te staan. Dat laat de Omgevingsdienst Noordzeekanaalgebied (OD NZKG) weten. Die ziet dat de problemen bij de vervuilende installaties zich opstapelen. De dienst heeft ook een dwangsom opgelegd.  ( 4 min )

De gemiddelde loonstijging zal in de tweede helft van dit jaar afzwakken. Werkgevers zullen vanwege de economische onzekerheid minder uitbundig zijn aan de cao-tafels.  ( 4 min )

Omwonenden van Tata Steel willen dat het bedrijf zijn uitstoot van zwaveldioxide verder terugdringt om de luchtkwaliteit in de IJmond te verbeteren. De provincie Noord-Holland heeft de uitstootnormen onder druk van het staalbedrijf versoepeld, claimden zij dinsdag voor de bestuursrechter in Haarlem.  ( 5 min )

Het minimumloon in Turkije gaat met terugwerkende kracht tot 1 juni met 34 procent omhoog naar 11.402 lira (441,84 euro). Het is niet de eerste keer dat de Turkse regering dat doet. Eerder dit jaar werd het minimumloon al verhoogd met 55 procent.  ( 3 min )

Omwonenden van Tata Steel willen dat het bedrijf zijn uitstoot van zwaveldioxide verder terugdringt om de luchtkwaliteit in de IJmond te verbeteren. De provincie Noord-Holland heeft de uitstootnormen onder druk van het staalbedrijf versoepeld, claimden zij dinsdag voor de bestuursrechter in Haarlem.  ( 5 min )

In 2022 maakten 57.113 woningkopers bij het afsluiten van hun hypotheek gebruik van de Nationale Hypotheek Garantie (NHG), een kwart minder dan een jaar eerder. Met die NHG kun je in aanmerking komen voor kwijtschelding van de restschuld als je je woning gedwongen moet verkopen door scheiding of baanverlies.  ( 3 min )

Carlos Ghosn, oud-topman van Nissan, Renault en Mitsubishi, eist bijna vier jaar na zijn spectaculaire ontsnapping uit Japan een grote schadevergoeding van de automaker. Hij werd in 2018 verdacht van fraude bij Nissan en vluchtte uit vrees voor een oneerlijk proces naar Libanon.  ( 3 min )

Netbeheerder TenneT zegt dat er voor 2030 batterijsystemen nodig zijn met een gezamenlijk vermogen van 9 gigawatt. Een gigawatt staat gelijk aan het vermogen van de kolencentrale op de Maasvlakte.  ( 4 min )

De rechten van consumenten op het gebied van veiligheid en privacy moeten centraal staan bij de ontwikkeling en het gebruik van kunstmatige intelligentie (AI). Consumentenorganisaties roepen toezichthouders daarom op om met regels en toezicht te komen.  ( 3 min )

Winkeliers in de sport-, mode- en schoenenbranche voelen de druk groeien door de hoge kosten. Ondernemers verwachten dat de komende zes maanden nog zwaarder worden, aangezien ze de extra kosten niet volledig kunnen doorberekenen aan de klant.  ( 4 min )

Burgercollectieven en inwoners van de regio rond de Tata Steel-fabrieken in IJmuiden staan vandaag bij de bestuursrechter in Haarlem om strengere regels af te dwingen voor de staalmaker. Ze willen dat de uitstoot van het schadelijke gas zwaveldioxide meer wordt beperkt.  ( 3 min )

Nederland telt ruim 10.000 beveiligingsbedrijfjes. In 2018 waren dit er nog maar 3.800. Er komen vooral veel zzp'ers bij in de beveiligingsbranche.  ( 3 min )

Winkeliers in de sport-, mode- en schoenenbranche voelen de druk groeien door de hoge kosten. Ondernemers verwachten dat de komende zes maanden nog zwaarder worden, aangezien ze de extra kosten niet volledig kunnen doorberekenen aan de klant.  ( 4 min )

Winkeliers in de sport-, mode- en schoenenbranche voelen zich steeds meer onder druk staan vanwege de hoge kosten. Ondernemers verwachten dat de komende zes maanden nog zwaarder worden, aangezien zij de stijgende prijzen niet volledig kunnen doorberekenen aan de consument.  ( 4 min )

A quarter of workers surveyed by PwC expect to change jobs in the next 12 months, up from 19% last year, as they are increasingly left cash-strapped in a cooling economy while dealing with inflationary pressures. Even as the 'Great Resignation' continues, around 42% of the employees surveyed by PwC in its new study of the global workforce said they are planning to demand payrises to cope with the higher cost of living, up from 35% last year. Some 46% of respondents to the '2023 Hopes and Fears Global Workforce Survey', which polled 54,000 workers in 46 countries, said either that their households were struggling to pay bills every month, or that they could not pay bills most of the time.  ( 6 min )

With decades-long success on Wall Street, and personal wealth valued at ~$6.5 billion, legendary stock picker Ken Fisher obviously knows a thing or two about investing and what segments currently represent the best opportunities. The Fisher Investments founder recently shared his insightful recommendation for savvy investors, suggesting that investing in luxury goods stocks could be a smart and profitable move. Fisher believes that luxury goods companies have a unique ability to thrive even duri  ( 10 min )

No content preview

No content preview

The SEC’s crackdown against altcoins is boosting Bitcoin’s share of the crypto market.  ( 6 min )

OPEC has had little luck pushing up crude prices  ( 9 min )

Last month, State Farm left the market, citing rising construction costs and increased wildfire exposure.  ( 7 min )

Intel has unveiled a multibillion-euro spending spree in Germany as part of nearly £50bn in microchip investments across Europe and Israel announced just days apart.  ( 8 min )

Housing expert outlines the three things that must happen to make homes affordable again.  ( 8 min )

Berkshire now holds an estimated $20 billion of the five companies after sharp gains in their share prices.  ( 22 min )

So-called priest asked employees to confess about being late, if they had stolen or had "bad intentions" toward their employer.  ( 7 min )

When asked what they considered wealthy, Americans surveyed by Charles Schwab came back with an average of $2.2 million.  ( 9 min )

Intel and the German government on Monday signed a deal that would see the U.S. company investing more than 30 billion euros ($32.8 billion) in a chip manufacturing site in the German city of Magdeburg, with financial support from Berlin. Word of the agreement came as German Chancellor Olaf Scholz met Intel CEO Pat Gelsinger in the German capital.  ( 7 min )

It has owned the spirits brand in full since 2004.  ( 14 min )

The brewer is at the Cannes Lions to collect its second annual marketer-of-the-year honor, calling recent controversy around a Bud Light promotion a “wake-up call” for the industry.  ( 29 min )

According to the report, when SVB failed in March, the FDIC stepped in to protect all of the California bank's U.S. deposits and arranged a sale of the lender's U.S. customer accounts, branches and loans to First Citizens Bancshares. Left out of that deal was SVB's branch in the Cayman Islands, which had deposits from the bank's clients in China, Singapore and other parts of Asia, including venture-capital and private-equity firms with funds that domiciled in the British overseas territory, the report said.  ( 7 min )

Rolling over a 401(k) is something you might consider if you're planning to retire or just changing jobs and don't want to leave your savings behind. When deciding where to move retirement assets, a certificate of deposit is one you … Continue reading → The post Can You Transfer a 401(k) to a CD Without Penalty? appeared first on SmartAsset Blog.  ( 10 min )

Investing in forest land suitable for producing lumber can provide you income, diversification, inflation protection and more. Timber investing requires careful study of the industry, market and individual parcels, and it's generally a long-term play, with years required to realize … Continue reading → The post Timber Investments: Real Asset Investment Guide appeared first on SmartAsset Blog.  ( 8 min )

If you're a small business owner, you've probably already suffered through a few tax seasons. While taxes for individuals can be complex, filing business taxes is arguably even more challenging. Hiring a CPA, a certified public accountant, can help, but … Continue reading → The post How Much Does a CPA Cost for a Small Business? appeared first on SmartAsset Blog.  ( 8 min )

Nursing home care can be extremely expensive. According to Genworth's 2021 Cost of Care Survey, the median monthly cost of a private room is a nursing home is $9,034. That's over $100,000 a year! And most people will need nursing … Continue reading → The post How to Pay for Nursing Home Care appeared first on SmartAsset Blog.  ( 9 min )

When someone passes away, there can be plenty of questions over who gets what, especially if there's a home in the mix. An often-overlooked question centers on who is responsible for paying property taxes when the owner dies. A delinquent … Continue reading → The post Who's Responsible for Paying Property Taxes When the Owner Dies? appeared first on SmartAsset Blog.  ( 9 min )

For 79 years, if you wanted the right to invest in early-stage companies like Apple in the 1970s, Facebook in 2004, or Airbnb in 2009, you had to be an “accredited investor.” The concept came from a 1933 law that created the U.S. Securities & Exchange Commission (SEC) to guard against some of the excesses on Wall Street that had led to the 1929 crash and the ensuing Great Depression. Don’t Miss: Why Silicon Valley Elites Are Betting On This Startup's Vision For Reuniting American Families The Se  ( 8 min )

The euro has pulled back slightly during the trading session on Monday, as gravity is starting to jump into this market.  ( 7 min )

Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While 28% of … Continue reading → The post Attention High Earners: You're Not Taking Retirement Seriously Enough appeared first on SmartAsset Blog.  ( 8 min )

Destiny Tech100 disclosed a $454,700 paper gain on its $14 million investment in Elon Musk’s SpaceX, which is currently privately held.  ( 22 min )

Nike and others are selling through traditional retailers they once shunned.  ( 28 min )

Customers of Silicon Valley Bank’s Cayman Islands branch who counted on using their deposits to repay credit lines are in a bind after the FDIC seized the funds.  ( 30 min )

The Bank of England is racing to prevent future bond market crunches hitting mortgages and business lending, as interest rate rises put the economy under increasing strain.  ( 7 min )

No content preview

The US is unprepared in the battle to compete with China on electric cars, the boss of Ford has warned.  ( 6 min )

Warren Buffett has been open about the fact he's not "done" with Japan—and his latest move proves it.  ( 8 min )

Across affluent countries, central bankers are sharply lifting inflation forecasts and warning investors that interest rates will stay high for some time.  ( 29 min )

Federal Reserve Chairman Jerome Powell is due to testify before both the House and Senate this week, it could prove to be a catalyst for cryptocurrencies.  ( 22 min )

Fisker, the electric carmaker founded by the Danish auto designer Henrik Fisker, is gearing up to enter the Chinese market where competition is increasingly cut-throat, following in the footsteps of another brave American player Lucid. Fisker plans to open a delivery center in China this year and commence deliveries of the Fisker Ocean SUV, its first all-electric model, in Q1 2024, according to a recent company announcement. It also aims to start manufacturing in China as early as next year with the potential to add 75,000 Ocean SUVs to its production capacity.  ( 8 min )

Most S&P 500 companies said their median worker was paid more in 2022, and about 100 of them said the pay rose at least 10%.  ( 25 min )

No content preview

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Bitcoin and Ether rose during Monday afternoon trading hours in Hong Kong, while most of the top 10 non-stablecoin cryptocurrencies by market capitalization declined. Risk appetite remained low after the U.S. Securities and Exchange Commission (SEC) sued Binance and Coinbase two weeks ago.  ( 7 min )

Savers are shocked that some banks and credit unions changed the rules when it comes to cashing savings bonds. The reason? An uptick in phony bonds.  ( 11 min )

After a week dominated by central banks, this week will see them remain in focus as Federal Reserve Chairman Jerome Powell delivers two days of Congressional testimony and the Bank of England makes its latest rate decision.  ( 22 min )

The German government scheduled the signing of an agreement with Intel for 1245 GMT on Monday, capping off talks over a new chip-making complex on German soil. Berlin has not confirmed how much state funding the company is set to receive for the project in the central German city of Magdeburg. The Handelsblatt business daily reported last week thatthe U.S. company is expected to receive 9.9 billion euros($10.84 billion) in subsidies, up from a previously promised sumof 6.8 billion euros.  ( 6 min )

(Bloomberg) -- Homesellers in London cut prices more than any UK region in June as surging borrowing costs stretched affordability in the country’s most expensive property market, a survey found. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAsking prices  ( 8 min )

No content preview

Japan's financial regulator has sounded out top domestic banks about China risks and whether they have plans in place if Sino-Western tensions escalate, according to multiple sources with direct knowledge of the matter. The Financial Services Agency's (FSA) request, which has not been previously reported, is to ensure Japan's megabanks are thinking about the risks and are prepared to respond if the geopolitical situation worsens, including over the issue of Taiwan's political status, said three of the sources. Japanese megabanks Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG) and Mizuho Financial Group have a combined $6.5 trillion in assets, according to Refinitiv.  ( 8 min )

(Bloomberg) -- Berkshire Hathaway Inc. raised its stake in five of Japan’s trading houses to an average of over 8.5%, in a move to double down on some of Warren Buffett’s favorite stocks.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesBerkshire holds stakes in Itochu Corp., Ma  ( 7 min )

(Bloomberg) -- Singapore plans to more aggressively regulate electricity markets as price jumps intensify, again threatening to hurt the retailers that sell it to businesses and households.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankThe Energy Market Aut  ( 6 min )

Here is your Pro Recap of the biggest analyst picks and cuts you may have missed since Friday: Downgrades at ASML and Applied Materials, upgrades at Abcam and West Pharmaceutical, and initiation at LendingClub. ASML (NASDAQ:ASML) shares fell more than 2% on Friday after New Street Research downgraded the company to Neutral from Buy, as InvestingPro reported in real-time. New Street Research downgraded Applied Materials (NASDAQ:AMAT) to Neutral from Buy on Friday.  ( 7 min )

(Bloomberg) -- The rally in equities will come under pressure in the second half of the year if gains in growth shares stall and rotation into cyclicals doesn’t continue, according to JPMorgan Chase & Co. strategists.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investme  ( 7 min )

(Bloomberg) -- Sweden’s beleaguered property sector suffered another blow late on Friday night when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesStockholm-based Fas  ( 6 min )

China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world's second-largest economy. Recent economic data showed the retail and factory sectors struggling to sustain the momentum seen in the first quarter, raising concerns China's post-COVID comeback could ground to a halt this year and trigger massive job losses. The People's Bank of China (PBOC) lowered short- and medium-term policy rates last week, signalling it is about to embark on another round of loosening in monetary settings in a push to rev up the recovery.  ( 7 min )

Berkshire announced stakes in Itochu, Marubeni, Mitsubishi Corp, Mitsui & Co and Sumitomo in 2020 and adding in line with plans to hold the stakes long term and increase them as far as 9.9%. Buffett's investments and his optimism about Japan's prospects have drawn attention to improving economic conditions and shareholder-friendly corporate governance reforms that have helped underpin a sparkling rally in the Nikkei share average.  ( 7 min )

Asian stock markets followed Wall Street lower Monday after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a time of friction over an array of conflicts. Shanghai, Tokyo, Hong Kong and Seoul retreated. Wall Street’s benchmark S&P 500 index lost 0.4% on Friday after the Federal Reserve held its benchmark lending rate steady but warned last week it might be raised later if needed to cool inflation.  ( 8 min )

Investors can’t agree on whether the rally looks like a repeat of 1999 or the start of something bigger.  ( 29 min )

The head of the lidar start-up isn't happy with the performance of his company's stock. Shares are down 86% from record highs reached in December 2020.  ( 22 min )

A record 1.5m over-65s are still in the workforce as the cost of living crisis puts retirement out of reach for many.  ( 8 min )

It's been predictably subdued in Asia as a U.S. holiday provides a convenient excuse for stocks to consolidate recent hefty gains before a bevy of central bank meetings this week. Markets are watching U.S. Secretary of State Antony Blinken's visit to Beijing, though you know expectations are low when it's newsworthy that a Chinese diplomat deigned to shake his hand. Further losses look likely unless and until the Bank of Japan takes another step toward tightening, which many Western analysts see as possible in July.  ( 8 min )

Asian stock markets followed Wall Street lower Monday after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a time of friction over an array of conflicts. Shanghai, Tokyo, Hong Kong and Seoul retreated. Wall Street’s benchmark S&P 500 index lost 0.4% on Friday after the Federal Reserve held its benchmark lending rate steady but warned last week it might be raised later if needed to cool inflation.  ( 9 min )

Juneteenth is celebrated yearly on June 19.  ( 22 min )

Tesla CEO Elon Musk has denied allegations of owning Dogecoin wallets connected to insider trading amid an ongoing class action lawsuit.  ( 6 min )

(Bloomberg) -- Oil edged lower following its first weekly gain this month, as investors start to focus on the outlook for the second half of the year.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Tucker Carlson's Fox Defense Crumbled When He Took MillionsBlinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesWest Texas Intermediate fell toward $71 a barrel after climbing by more than 2%  ( 6 min )

When Steven Du took over his parents' factory producing temperature control systems in Shanghai, one of the first changes he made was to turn on the plant's heating in winter - something his frugal forebears were reluctant to do. "If you don't improve their environment, the workers aren't as happy and it's harder for them to do their best work," the 29-year-old said. Du, like tens of thousands of other young Chinese factory bosses, is inheriting a basic manufacturing business that can no longer rely on the labour-intensive model that made China the world's largest exporter of goods.  ( 10 min )

The Indian rupee will likely extend its gains this week due to persistent dollar inflows, although demand from importers could cap the rise, while government bond yields could edge higher after the hawkish comments from major global central banks. The local unit hit 81.8825, its highest since May 11, on Friday on broad weakness in the dollar index as well as likely corporate dollar inflows. The dollar index, conversely, hit a five-week low after the European Central Bank's hawkish views and rising bets that the Federal Reserve would scale back its aggressive policy stance.  ( 7 min )

(Bloomberg) -- JD.com Inc. aims to create seven listed firms with market values of at least $14 billion apiece, outlining aggressive targets spanning two decades as it wrapped its signature 2023 sales gala with another record haul.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsTucker Carlson's Fox Defense Crumbled When He Took MillionsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend Ti  ( 8 min )

Bitcoin dipped on Monday morning in Asia after reclaiming US$26,000 support over the weekend. Ether also fell back but held above US$1,700.  ( 8 min )

Global oil prices fell on Monday, backing off last week's gains as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude lost 68 cents to trade at $75.93 a barrel by 0042 GMT, while U.S. West Texas Intermediate (WTI) crude was down 59 cents to $71.19. Last week, Brent posted a gain of 2.4% and WTI rose 2.3%.  ( 7 min )

Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China's rate decision and U.S. Federal Reserve Chair Jerome Powell's testimonies for clues on the rate path ahead. In Asia, Japan's Nikkei fell 0.5%, having clinched a fresh three-decade top on Friday, buoyed by the Bank of Japan's (BOJ) decision to leave its ultra-easy policy setting unchanged, which has sent the yen to a 7-month low against the U.S. dollar. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1% lower, after hitting a four-month high on Friday and finishing up 3% for the week, the best since January.  ( 8 min )

(Bloomberg) -- The Australian dollar and US equity futures rose in early Asian trading Monday amid signs of improving ties between the US and China, while contracts for benchmarks in Asia showed muted moves.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Tucker Carlson's Fox Defense Crumbled When He Took MillionsBlinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesThe Australian dollar  ( 9 min )

(Bloomberg) -- When it comes to trading the artificial intelligence frenzy, one top-performing global equity fund is winning big by scouting out some out-of-the-box ideas.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race for LaborIndiGo Bets Big on Indian Travel Boom With Rec  ( 8 min )

(Bloomberg) -- When it comes to trading the artificial intelligence frenzy, one top-performing global equity fund is winning big by scouting out some out-of-the-box ideas.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Tucker Carlson's Fox Defense Crumbled When He Took MillionsBlinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesFairlight Asset Management’s Nick Cregan invests in compan  ( 8 min )

The different categories of debt within a consumer’s credit history, such as credit cards and loans, are collectively called a credit mix.  ( 23 min )

Blue sheets are requests sent by regulators to market makers and brokers for information on trading activity to spot fraud and insider trading.  ( 19 min )

SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company's competitive position and to develop strategic planning.  ( 31 min )

The Fair Credit Billing Act (FCBA) is a 1974 law that protects consumers from unfair billing practices.  ( 22 min )

Porter's 5 Forces is a model that identifies and analyzes the competitive forces that shape every industry and helps determine an industry's weaknesses and strengths.  ( 25 min )

Unlevered cost of capital is an evaluation of a capital project's potential costs made by measuring costs using a hypothetical or debt-free scenario.  ( 19 min )

M1 Finance and Betterment are two top robo-advisors offering different services. Betterment is better for setting financial goals and M1 is better for automated investing.  ( 27 min )

Finding the right house is only half the battle. The other half is choosing the best type of mortgage. Learn how to pick a mortgage based on your needs.  ( 29 min )

"Quid" is a nickname for the British pound, also called the pound sterling, the national currency of the United Kingdom.  ( 21 min )

Some public service jobs pay far above the national average and also come with good benefits and job security.  ( 20 min )

Learn about the many benefits of research and development (R&D) efforts for companies in competitive markets, including the less-obvious advantages.  ( 20 min )

Feedback occurs when outputs of a system are routed back as inputs; negative feedback describes how the system's process produces negative effects.  ( 20 min )

Money market funds are a safe, if not highly profitable, place to put money. But there's no FDIC insurance and fees can be high. Choose your fund with care.  ( 26 min )

The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organization of accounting professionals.  ( 21 min )

SONIA (Sterling Overnight Index Average) is the effective overnight interest rate for unsecured transactions in the British sterling market.  ( 21 min )

A cashier’s check is a check written by a financial institution on its own funds, signed by a representative, and made payable to a third party.  ( 26 min )

A Monte Carlo simulation allows analysts and advisors to convert investment chances into choices by factoring in a range of values for various inputs.  ( 21 min )

International Commodities Clearing House (ICCH) was an independent clearing house that preceded the British London Clearing House Ltd (LCH).  ( 20 min )

Credit agencies gather debt information that is used to generate a score that indicates creditworthiness.  ( 20 min )

Certificates of deposit (CDs) and stocks vary in their risks, potential returns, and flexibility. In this guide, we'll explain their key differences.  ( 23 min )

Understand how a value-added tax (VAT) works, how it differs from a sales tax, and the arguments for and against it.  ( 25 min )

The London Interbank Offered Rate, or LIBOR, is the interest rate used by major banks in the market for short-term loans.  ( 27 min )

Loan officers and mortgage brokers can both help you get a mortgage, but you need to know the differences between them.  ( 22 min )

A balance-to-limit ratio is the amount of money you owe on your credit cards compared to your credit limit. Learn how lenders use a balance-to-limit ratio.  ( 21 min )

Top penny stocks this month include Ardelyx Inc., Snowline Gold Corp., and Quadian Inc., which have all more than doubled in the last year.  ( 20 min )

The employment-population ratio between Black and White workers has equalized, but it remains to be seen whether the progress will outlast the current hot labor market.  ( 17 min )

The Working Tax Credit (WTC) is a tax credit offered to low-income individuals working in the United Kingdom.  ( 22 min )

Gilts are bonds that are issued by the British government and generally considered low-risk equivalent to U.S. Treasury securities.  ( 22 min )

The private sector is the part of the economy that is not state controlled and is run by individuals and companies for profit.  ( 22 min )

Getting a suspended driver’s license reinstated as quickly as possible will depend on your state and the reason for your suspension. Here’s how.  ( 23 min )

An outstanding check draws on the funds in an individual’s or business’ bank account but has not yet been cashed or deposited by the payee.  ( 23 min )